Dow Falls 213 Points; Year's Gains Erased Obama's regulations hurt financial stocks By Nick McMaster, Newser Staff Posted Jan 21, 2010 3:24 PM CST 13 comments Comments In this Jan. 30, 2009, file photo, a trader leans on a phone post on the floor of the New York Stock Exchange. (AP Photo/Richard Drew, file) (Newser) – JP Morgan Chase, Bank of America, and other financial stocks led a broad sell-off today after President Obama unveiled new proposals to regulate banks, the Wall Street Journal reports. The fall means the Dow is now in the red for 2010. The Dow fell 213 points to close at 10,390. The Nasdaq lost 26 points, closing at 2,266. The S&P 500 dropped 22 points to settle at 1,116.