(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.
Copyright 2012 ABC News Radio
Paul R. La Monica, CNN
Jackie Wattles, CNN
Patrick Ary, WAAY
Parija Kavilanz, CNN