- The Washington Times - Monday, April 20, 2009

Long-present unease about soured loans bubbled over on Monday after Bank of America Corp. said it set aside $13.4 billion to cover lending losses, even as it posted a profit for the first quarter, and as anxiety grew about the results of the government’s “stress tests” to determine if banks will need more government bailout money.

The Dow Jones industrial average fell 289.60, or 3.6 percent, to 7,841.73.

The Standard & Poor’s 500 index fell 37.21, or 4.3 percent, to 832.39.

The Nasdaq composite index fell 64.86, or 3.9 percent, to 1,608.21.

For the year:

The Dow is down 934.66, or 10.6 percent.

The S&P; is down 70.86, or 7.8 percent.

The Nasdaq is up 31.18, or 2 percent.

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