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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