Wednesday’s Market Recap: US Stocks Refrain From Celebratory Session Post Obama Victory
Posted on November 05, 2008 at 16:00 PM EST
Stocks fell off of Super Tuesday’s gains after the economy contracted to prepare for the upcoming shift in power to the Democratic party. The Dow (^DJI) completely wiped out yesterday’s increase, and then some, by dropping 486 points, or 5.05% today. Similarly, the Nasdaq (^IXIC) and S&P (^GSPC) also responded negatively to investors’ ...