Retail Drives Dow Down 122

Bank of America continues fall as government fix remains unclear
By Nick McMaster,  Newser Staff
Posted Feb 4, 2009 3:15 PM CST
In this 2008 file photo, shoppers depart the Costco store in the Lincoln Park neighborhood of Chicago.   (AP Photo)
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(Newser) – The stock market saw losses today as ugly earnings reports and continued uncertainty over the banking sector soured investor confidence, the Wall Street Journal reports. Bank of America, off 10.6%, was that sector’s big casualty; a grim forecast pushed Costco down 6.8%. The Dow fell 121.70 to 7,956.66. The Nasdaq lost 1.25, to 1,515.05, and the S&P 500 dropped 6.28 to close at 832.23.