Stocks: Dow ends down 313 points after Obama win
4:28PM EST November 7. 2012 –
NEW YORK — Stocks ended sharply lower Wednesday, one day after the re-election of President Obama. The Dow Jones industrial average closed down about 313 points, or 2.4%.
Investor reaction is decidedly negative over the defeat of the more business-friendly Mitt Romney and the continued gridlock in Congress that makes it tough for lawmakers to avert a fiscal policy crisis by year-end.
The benchmark Dow remains below the psychologically significant 13,000, not seen since Aug. 3. The Standard & Poor’s 500 index and Nasdaq composite index ended down 2.3% and 2.5%, respectively, with stocks in nearly every industry lower.
Too funny Richard! Stock Market has skyrocketed, since the virtual free fall in 2008 when Bush was President.
One day of trading and you go make hay out of it, ha-ha-ha-ha-ha! Go back to your rightwing partisan blogs, radio and Fox News….and grab a tissue to wipe your tears. Boo-hoo-Armageddon is coming!!!!
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