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MONDAY, NOVEMBER 23, 2009
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Retail Drives Dow Down 122

Bank of America continues fall as government fix remains unclear

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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.

In this 2008 file photo, shoppers depart the Costco store in the Lincoln Park neighborhood of Chicago.
In this 2008 file photo, shoppers depart the Costco store in the Lincoln Park neighborhood of Chicago.   (AP Photo)
Specialist Patrick Murphy, left, opens a stock for trading on the floor of the New York Stock Exchange in this undated file photo.
Specialist Patrick Murphy, left, opens a stock for trading on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo)
Traders work on the floor of the New York Stock Exchange in this undated file photo.
Traders work on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo)
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retail • Costco • Bank of America • Dow Jones • Nasdaq • S&P 500 • big-box retailers

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