OBAMA'S 2012 RE-ELECTION USHERS IN ECONOMY WOES, FALL IN STOCKS, DOW JONES INDUSTRIAL AVERAGE
By Synthia Esther
November 7, 2012
According to Reuters, New York, stocks fell sharply on Wednesday, November 7, 2012, with the Dow losing more than 300 points and all major indexes dropping more than 2 percent in the aftermath reality of the 2012 Presidential election and Barack Obama's win.
The Dow Jones industrial average lost 312.95 points, or 2.36 percent, to close unofficially at 12,932.73. The Standard & Poor's 500 index fell 33.86 points, or 2.37 percent, to finish unofficially at 1,394,53. The Nasdaq Composite Index was down 74.64 points, or 2.48 percent, to close unofficially at 2,937.29.
The S&P 500 ponsted its biggest drop since June 21, 2012, with all 10 S&P sectors solidly lower and more than 80 percent of stocks on both the New York Stock Exchange and Nasdaq ending in negative territory.
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