The stock market took a major beating today after the election of Democrat Barack Obama and Democratic gains in both the House and Senate. The Dow Jones industrial average losing almost 500 points and markets in Europe also saw drops.
Initially, stocks fell as investors cashed in from a week-long rise in share prices. But then in the afternoon the sell-off gained speed as traders started to question exactly what an Obama presidency would mean for American businesses.
Investors also shifted...Full Story