Markets drop after Obama win

November 7, 2012

The U.S. election sent shockwaves through the financial market, which was already reeling over Europe's economic concers. The U.S. stock market dove more than 2 percent in morning trading Wednesday, as measured by the Standard & Poors’s 500-stock index. The Dow Jones industrial average was off 290 points, or 2.2 percent, at a little before 11 a.m. That followed a similar overnight trend in European markets, where the French, German and British stock markets were all down (although each by less than 1 percent).

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Maura Judkis | November 7, 2012