
U.S. stocks fell sharply in post-election sell-off overnight amid concerns over
looming "fiscal cliff" and Europe's weak economy
Dow Jones Industrial Average plunged 312.95 points, or 2.36 per cent to close at 12,932.73, its biggest one-day drop in almost a year.
S&P 500 fell 33.86 points, or 2.37 per cent, to 1,394.53.
Nasdaq composite fell 74.64 points, or 2.48 per cent to 2,937.29.
All key S&P sectors ended firmly in the red, led by energy and financial shares.