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Banks, technology stocks lead another decline on Wall Street | National news from the Associated Press

Banks and big tech stocks lead another drop on Wall Street in Friday afternoon trading, and all major indices are on track for a weekly loss. Retailers and industrial companies also fell. The S&P 500 was down 0.9% while the Nasdaq was down 0.2%. Both are on track for their third weekly drop in the past four. The Dow Jones Industrial Average fell 1.3%. After taking the S&P 500 to a record high last week, investors took money off the table as the Federal Reserve seeks to cut back incentives and fight inflation.

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