Business

Stocks plunge in post-election sell-off

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Wall Street greeted a second Obama term the way it greeted the first: Investors dumped stocks in the year’s sharpest sell-off. They fretted about a divided government’s return to power and the fiscal cliff — tax increases and spending cuts that could stall the recovery unless Congress acts by Jan. 1. In addition, Europe cut its 2013 growth forecast.

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