Bank stocks and the broader markets fluctuated Tuesday while President Obama, Federal Reserve Board Chairman Ben Bernanke and Treasury Secretary Tim Geithner addressed the government's continued efforts to fix the financial sector.

The KBW Index closed down 1.64% the Dow Jones industrial average closing down 0.55%, at 6726.02, and the Standard & Poor's 500 closed down 0.64%, dropping below 700 for the first time since 1996. On Monday the Dow closed below 7000 for the first time since 1997.

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