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The Dow Jones Industrial Average fell to end 12,390.48 on June 4, with 15 of its 30 components ending the session with losses. U.S. stocks struggled and largely failed to retain gains after Moody's threatened downgrades of two large bond insurers, darkening cheer from data showing the service economy to be in better shape than expected.
"We're seeing continued weakness in the financial sector -- if it weren't for financial news, the market would be doing pretty well right now," said Robert Pavlik, chief investment officer at Oaktree Asset Management.
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