US stocks down almost 1%

Stocks slid on Wall Street last night, a day after the Dow Jones industrial average logged its biggest one-day drop of the year, as investors fretted about the potential for gridlock in Washington.

The Dow closed down 121.41 points, or nearly 1%, to 12,811.32, bringing its two-day loss to 434 points.

The Standard and Poor’s 500 index fell 17.02 points to 1,377.51 and the Nasdaq composite slipped 41.71 to 2,895.58.

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