NEW YORK (AP) - Stocks are falling sharply at the close of trading on Wall Street, extending a slump into a second day as investors worry about the potential for gridlock in Washington.
The Dow Jones industrial average lost 121 points to close at 12,811, bringing its two-day loss to 434 points.
The Dow plunged 313 on Wednesday as worries about Europe's faltering economy and a looming showdown in the U.S. over fiscal policy came back into focus now that the presidential election had been decided.
The Standard & Poor's 500 index fell 17 points to end at 1,378 and the Nasdaq composite lost 42 points to end at 2,896.
Nearly three stocks fell for every one that rose on the New York Stock Exchange. Volume was 3.7 billion, higher than the recent average.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.