Stocks plunge: Dow's worst day of the year
November 7th, 2012
04:45 PM ET
2 years ago

Stocks plunge: Dow's worst day of the year

New York (CNNMoney) - A sell-off on Wall Street gained momentum Wednesday, with the Dow falling below 13,000 for the first time in two months, as investors focused on how President Obama plans to avoid the fiscal cliff after he won re-election Tuesday night.

A weak outlook for economic growth in Europe and European Central Bank president Mario Draghi's warning of a slowdown in Germany also weighed on the market.

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Filed under: 2012 • Economy