FOX Business: Capitalism Lives Here
Equities, commodities and other risky assets tumbled on Wednesday after U.S. elections left Washington, D.C. as sharply divided as before as the fiscal cliff looms large.
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As of 11:55 a.m. ET, the Dow Jones Industrial Average slumped 315 points, or 2.4%, to 12931, the S&P 500 slid 33.4 points, or 2.3%, to 1395 and the Nasdaq Composite fell 71.2 points, or 2.4%, to 2941.
The Dow fell below the 13000 mark for the first time in intraday trading since early September. If the blue-chip average closes below that mark on the day, it will be the first time since August 2.