The Dow Jones industrial average fell 2.4 percent, giving it its fifth worst one-day drop following a U.S. presidential election. The biggest, in 2008, came in the midst of the financial crisis on the day after President Barack Obama won his first term. Here are the worst five one-day post-election drops since 1900, according to Bespoke Investment Group:
Election Day: Nov. 4, 2008.
Winner: Barack Obama.
One-day loss in the Dow Jones industrial average: 5 percent.
Election Day: Nov. 8, 1932.
Winner: Franklin Delano Roosevelt.
One-day loss in the Dow Jones industrial average: 4.5 percent.
Election Day: Nov. 2, 1948
Winner: Harry Truman
One-day loss in the Dow Jones industrial average: 3.8 percent.
Election Day: Nov. 5. 1940
Winner: Franklin Delano Roosevelt.
One-day loss in the Dow Jones industrial average: 2.4 percent.
Election Day:
Winner: Barack Obama.
One-day loss in the Dow Jones industrial average: 2.4 percent.
Source: http://news.yahoo.com/other-post-election-plunges-stock-191834720.html
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