News of SEC’s civil charges against Goldman Sachs punctures stock market rally; Dow falls 125

Goldman Sachs news punctures stock market’s rally

WHAT HAPPENED: Stocks plunged on news that the Securities and Exchange Commission brought civil charges against Goldman Sachs related to the subprime mortgage market.

WHY WERE INVESTORS UPSET: Some analysts say they’re not. They say the news was a reason to collect some profits from the market’s steady climb.

THE BIGGEST LOSERS: Financial stocks, even Bank of America, which reported a big first-quarter profit. And Google, which disappointed investors with its earnings report.