NEW YORK Nov 7 U.S. stocks extended losses,
with all three major stock indexes dropping more than 2 percent
and the S&P 500 falling below 1,400 for the first time since
Sept. 4 on Wednesday, a day after the re-election of President
Barack Obama, as comments by European Central Bank President
Mario Draghi weighed on sentiment.
The Dow Jones industrial average was down 292.25
points, or 2.21 percent, at 12,953.43. The Standard & Poor's 500
Index was down 31.18 points, or 2.18 percent, at
1,397.21. The Nasdaq Composite Index was down 69.60
points, or 2.31 percent, at 2,942.33.