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
Retail Drives Dow Down 122
In this 2008 file photo, shoppers depart the Costco store in the Lincoln Park neighborhood of Chicago.   (AP Photo)

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. (More Dow Jones stories.)

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