Dow Falls 122, Biggest Drop Since November

Investors are worried that the cost of borrowing is going to rise
By Nick McMaster,  Newser Staff
Posted Jan 20, 2010 3:20 PM CST
In this Jan. 11, 2010, file photo, traders work on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, file)

(Newser) – A report that China's Banking Commission is tightening lending policy stoked fears that borrowing costs may rise globally, causing a broad sell-off in stocks, the Wall Street Journal reports.

  • The Dow lost 122 points to close at 10,603, the biggest drop since November.
  • The Nasdaq fell 29 points, closing at 2,291.
  • The S&P 500 dropped 12 points, settling at 1,138.

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