Stocks Tumble Further Wednesday - East Idaho News
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Stocks Tumble Further Wednesday

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Getty B 080411 DowJonesFall?  SQUARESPACE CACHEVERSION=1332973297503STAN HONDA/AFP/Getty Images(NEW YORK) — The markets continued a downward slide Wednesday, seeing losses for the fifth day in the past week.
 
The Dow closed down 72 points, while the Nasdaq lost 15 and the S&P gave up seven for the trading day.

It appears energy stocks took the hardest hit Wednesday, with commodity prices tumbling.

Meanwhile, 2011 was a good year for the Bank of America CEO. Brian Moynihan was paid $7.5 million last year — six times what he got in 2010.  The bank says Moynihan’s pay package for 2011 included a base salary of $950,000 and more than $6 million in stocks.
 
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