World Bank's gloomy forecast dooms stocks
With hopes for a speedy return to economic growth dashed for now, commodity prices fell, taking producers like Alcoa (AA), Chevron (CVX) and ExxonMobil (XOM) with them. But financials were hit hard, too. Bank of America (BAC) lost the most of any of the Dow's 30 component stocks, plunging 9.7 percent.
For more on stocks making moves today, be sure to check out BloggingStocks' market wrap-up.