US STOCKS-Wall St slips on economic, Europe worries

* Banking stocks head for bear territory
* German Chancellor Merkel proposes greater fiscal union
* Facebook hits new intraday low
* Indexes: Dow off 0.3 pct, S&P down 0.5 pct, Nasdaq up 0.4
pct


By Chuck Mikolajczak
NEW YORK, June 4 (Reuters) - U.S. stocks fell modestly on
Monday as investors reacted to the latest signs of economic
slowdown and looked ahead to events this week that could help
ease Europe's debt crisis
The decline extended Friday's steep drop that wipe

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