Banks, Energy Lead Losses As Stock Market Volatility Suddenly Jumps; Pivotal Fed Announcement Ahead

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Financial and energy stocks led a rout on Wall Street Tuesday as stock market indexes are snapping out of a period of quiet action into a new phase of volatile trading.

Indexes pared losses but still closed more than 1% lower. The Nasdaq composite lost 1.1%, though it held above the 12,000 level. The…

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