Wall St. greets Obama win with 2.4% plunge | Bangkok Post: news

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Wall St. greets Obama win with 2.4% plunge

US stocks plunged 2.4 percent Wednesday after President Barack Obama's re-election victory set up a tough battle with Republicans over the looming "fiscal cliff".

A trader stands outside the New York Stock Exchange in October 2012. US stocks plunged 2.4 percent Wednesday after President Barack Obama's re-election victory set up a tough battle with Republicans over the looming "fiscal cliff".

The end of a long, hard-fought battle with Republican Mitt Romney was rewarded with a steep sell-off, despite Wall Street having recovered strongly from the recession crash since Obama took office.

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