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Wall Street: Germans halt stock market rally

October 17, 2011 |  8:20 am

Wall sign -- stan honda afp getty images
Gold: Trading now at $1,683 an ounce, unchanged from Friday. Dow Jones industrial average: Trading now at 11518.55, down 1.1% from Friday.

Scaling back expectations. Stocks are falling this morning after Germany tried to scale back expectations for a European rescue plan  that is in the works.

New bank results. Citi and Wells Fargo both reported profits this morning, but the news out of their Wall Street divisions was not good.

Obama and the protesters. There are signs that President Obama may be ready to harness anti-Wall Street anger to help his campaign.

Fighting with customers. A few big banks have gotten in trouble for apparently stopping customers who came to a branch to shut down their account in protest.

Taxi trader. Scott Curtis is one of a number of laid-off financial industry workers who has taken to driving a New York City taxi -- and pitching himself to potential employers at the same time.

-- Nathaniel Popper

twitter.com/nathanielpopper

Photo: Stan Honda / Getty Images

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