NEW YORK (Reuters) - The S&P 500 briefly fell 4 percent on Tuesday as growing troubles in the banking sector and expectations for grim earnings weighed on the market.
* The S&P index of financial stocks led the decline, falling nearly 12 percent. Shares of State Street Corp plunged more than 50 percent.
* The Dow Jones industrial average lost 232.49 points, or 2.81 percent, to 8,048.73. The Standard & Poor's 500 Index tumbled 32.88 points, or 3.87 percent, to 817.24, after hitting a session low at 814.27. The Nasdaq Composite Index shed 67.38 points, or 4.41 percent, to 1,461.95.
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