Big bank stocks slumped
The Montana Supreme Court ray ban sunglasses online discount had upheld the state law, and critics of Citizens United had hoped the case would serve as a vehicle for the high court to reconsider its ruling. But in an unsigned decision, the court said "there can be no serious doubt" that its Citizens United holding applies to the Montana law. Four liberal justices dissented. The Dow Jones industrial average dropped 138 points to close at 12,502.66, a loss of 1.1 percent. The broader Standard & Poor's 500 index fell even more, 1.6 percent. In Europe, Spain formally asked for help to rescue the country's ailing banks, but its request left many questions unanswered, including how much it needs of the $125 billion loan package offered by other European governments. The uncertainty unsettled markets, pushing borrowing costs higher for Spain's government. Spain's stock market plunged 3.7 percent. "Right now it's all about Europe, and confidence is pretty low," said Doug Cote, chief market strategist for ING Investment Management. "The ray ban sunglasses womens online sale policies that they proposing are too little too late." Big bank stocks slumped. If Spain fails to rescue its banks, many analysts worry that Europe's financial system could freeze up, and banks across Europe and the U.S. would suffer. Spain's banks have been hobbled by loans made during a real-estate bubble, and the government has been inconsistent about how much help it will need to save them. Bank of America dropped 4 percent, the biggest fall among the 30 stocks in the Dow Jones industrial average. BofA's stock lost 34 cents to $7.60. JPMorgan Chase ray ban sunglasses mens discount 2012 fell 67 cents to $35.32 and Citigroup dropped $1.24 to $26.75.