Wednesday, November 7, 2012

Back to reality for Obama: Dow Jones plunges 200 points as markets react to Obama's re-election

President Obama was snapped back into the reality of dealing with a fragile economic recovery today as stocks plunged and job openings dropped to a five-month low in the wake of his re-election.

The Dow Jones industrial average plummeted 200 points within minutes after the opening bell and it continued falling, down 354 points two hours later. Index futures also plunged after the European Union slashed its growth forecast for next year.