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NYSE trader Maier Tarlow

US STOCKS-Market falls amid European bank worries

(Updates volume in fourth paragraph)By Edward KrudyNEW YORK (Reuters) - U.S. stocks fell in very lightvolume Tuesday as investors seized on renewed concerns aboutEuropean banks as a reason to sell shares after strong gainslast week.Banks, energy companies and chipmakers were the biggestdecliners. Some analysts said the drop after Wall Street's bestweek in the past two months shows the market is likely toremain range-bound."It looks more like a consolidation than some type ofconviction selloff," said Maier Tarlow, a New York StockExchange floor trader at Raven Securities. "We think that themarket has got a bullish trend now, and unless we see repeatedselloffs on better volume, we're going to keep that opinion."Trading was among the lightest of the year, with 6.07billion shares changing hands on the NYSE, Nasdaq and Amexcombined. That contrasted with the 2009 average daily volume of9.65 billion shares. Light volume tends to exaggerate marketmoves and can indicate a lack of conviction.Wor...

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  1. US STOCKS-Market falls amid Europe bank worries

    (Updates to close)By Edward KrudyNEW YORK (Reuters) - U.S. stocks fell in very lightvolume Tuesday as investors seized on renewed concerns aboutEuropean banks as a r...

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