Contact Us
Make My Homepage

Stocks Plunge After Election; Europe Woes Deepen

Stocks are closing with their worst one-day loss of the year as investors look past the election and focus on big problems ahead in Washington and in Europe.

Stocks
John Moore, Getty Images

The Dow Jones industrial average plunged 313 points to end at 12,933 Wednesday, its worst day of 2012.

The Standard & Poor’s 500 index fell 34 points to 1,395 and the Nasdaq composite index gave up 75 points to 2,937.

American voters returned a divided government to power and left investors worrying about tax increases and spending cuts that could stall the economy unless Congress acts. In Europe, leaders warned that unemployment could remain high for years.

The losses were broad. Falling stocks overwhelmed rising ones five-to-one on the New York Stock Exchange. Volume was heavier than usual at 4.3 billion shares.

 

(Copyright 2012 by The Associated Press. All Rights Reserved.)

 

Best of the Web


Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://nj1015.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!