November 7th, 2012
04:38 PM ET

Dow has worst day of the year

It's been a while since we've seen the Dow Jones industrial average decline this much in one day.

The Dow dropped 313 points on Wednesday, or 2.4%, logging its worst daily decline since November 2011. A number of factors were at play, including a weak outlook for economic growth in Europe, and European Central Bank president Mario Draghi's warning of a slowdown in Germany, according to CNNMoney's Hibah Yousuf.

For more on the drop, coming a day after U.S. President Barack Obama won a second term, read Yousuf's story.

Filed under: Economy • Uncategorized
soundoff (4 Responses)
  1. Name s kel

    For the last six years its allways been the worse day for the dow, s&p, or whatever. Yawnn.

    November 7, 2012 at 5:20 pm | Report abuse |
  2. BOMBO ©

    Let's get the ball rolling. Ahem. Obama's fault?

    November 7, 2012 at 7:52 pm | Report abuse |
  3. Mickey1313

    It dropped because the companies were counting on a romney tax cut, now they still have to pay, but not anywhere near their fair share.

    November 7, 2012 at 11:05 pm | Report abuse |
  4. chrissy

    No matter who won the stock market wouldve dropped. Ppl buy in certain stocks based on who they think will win by that persons pet projects.

    November 7, 2012 at 11:29 pm | Report abuse |