Dow Falls 104 on Oil, Banks

Bank of America will have trouble squaring bailout repayment with new regulatory requirements
By Nick McMaster,  Newser Staff
Posted Oct 26, 2009 3:23 PM CDT
A pair of traders work on the floor of the New York Stock Exchange near the close of trading Wednesday, Oct. 21, 2009.   (AP Photo/Richard Drew)
camera-icon View 1 more image

(Newser) – Stocks saw big losses today as a drop in oil prices depressed the energy sector and news that Bank of America will have trouble repaying the federal government led to losses for financials, the Wall Street Journal reports.

  • The Dow fell 104.22 points to close at 9,867.96.
  • The Nasdaq lost 12.62, closing at 2,141.85.
  • The S&P 500 dropped 12.66 to settle at 1,066.94.