The US markets take a sharp nosedive in a post-election selloff, with the Dow logging its biggest decline in nearly a year on fears that Obama's re-election may not stop the US from falling over the fiscal cliff and amid renewed worries over Europe's weak economy.
The Dow industrials lost more than 300 points in a sell-off
on Wednesday that drove all major U.S. stock indexes down over 2 percent in the
wake of the presidential election as investors' focus shifted to the looming
"fiscal cliff" debate and Europe's economic troubles.
The Dow Jones industrial average slid 312.95 points, or 2.36
percent, to close at 12,932.73. The Standard & Poor's 500 Index fell 33.86
points, or 2.37 percent, to 1,394.53. The Nasdaq Composite Index lost 74.64
points, or 2.48 percent, to close at 2,937.29.
www.globalmountmoney.co
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