Stocks Tumble Further Wednesday

Business

0  Updated at 4:05 pm, March 28th, 2012 By: ABC Digital
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STAN 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.
 
Copyright 2012 ABC News Radio

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