A Wall Street tug-of-war ended with stocks down despite reassurance the Federal Reserve was not interested in nationalizing banks.

The Dow dropped 80 points to 7,270. The S&P 500 gave up 8 points to 764. The Nasdaq fell 16 points to 1,425. Crude oil jumped $2.54 a barrel to $42.50. Conway Gittens reports from New York. SOUNDBITE:

  • Ben Bernanke, chairman, U.S. Federal Reserve
  • Milton Ezrati, senior economist, market strategist, Lord Abbett

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