Stocks Slip One Day After Biggest Plunge of 2012 11/8/12
November 8, 2012
NEW YORK - Stocks are slipping on Wall Street, a day after the Dow Jones industrial average logged its biggest one-day drop of the year, as investors fretted about the potential for gridlock in Washington.
The Dow plunged 313 points yesterday, its worst drop of the year, after President Barack Obama won a second term.
Investors worried again Thursday about Europe's problems and the so-called fiscal cliff in the U.S., a package of tax increases and government spending cuts that will occur unless Congress acts by the end of the year.