Bloomberg – U.S. stocks fell, sending the Dow Jones Industrial Average to the lowest level since August, as investors’ focus returned to the U.S. tax debate and Europe’s debt crisis following the re-election of President Barack Obama.
All 10 groups in the Standard & Poor’s 500 Index retreated as energy, financial and industrial companies had the biggest losses. Bank of America Corp. (BAC), Apple Inc. (AAPL) andFreeport-McMoRan Copper & Gold Inc. (FCX) fell at least 2.2 percent to pace losses among the largest companies. Fertilizer producers dropped as Agrium Inc. (AGU) tumbled 8.8 percent amid disappointing earnings.
Source Article from http://www.algemeiner.com/2012/11/07/following-obama-victory-stocks-plummet/