Market sinks on economic gloom as Cisco warns late (Reuters)

A trader reacts after the closing bell of the New York Stock Exchange on November 5, 2008. (Lucas Jackson/Reuters)Reuters - NEW YORK (Reuters) -Stocks plummeted on Wednesday, a day after Barack Obama’s historic victory in the U.S. presidential election, as a fresh batch of dismal economic data underscored the massive challenges awaiting his administration.


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