The Dow Jones Industrial Average closed below 10000 for the first time in three months, hurt by declines in all its financial components as concerns about the global economy and U.S. interest-rate policy simmered.

The blue-chip measure sank 103.84 points, or 1%, to 9908.39, led by a 3.5% decline in Bank of America.

The Dow slipped below 10000 in each of the previous two trading sessions but in each case was rescued from a finish below the milestone as bargain hunters swooped in before the closing bell.

(Source: WSJ)