The Dow Jones Industrial Average lost nearly 90 points today and 800 points, or 9.7 percent, in the 10 days since the Obama administration announced major reforms to stimulate the economy.

The Dow Jones industrial average was down 89.68, or 1.19 percent, to 7,465.95, the lowest close since October 2002. The Standard & Poor's 500 index fell 9.48, or 1.20 percent, to 778.94,and the Nasdaq composite index fell 25.15, or 1.71 percent, to 1,442.82.

Bank of America, the largest U.S. bank by assets, fell for a fifth straight day, dropping 14 percent to 3.93 dollars almost 90.5 percent drop in last one year.

Citigroup tumbled 13.75 percent to a 17-year low of 2.51 dollars, down more than 90 percent after February 2008.

Hewlett-Packard dropped 8 percent after the computer and printer company turned in disappointing fourth-quarter sales.