Market plunges post election: Except for Ruger

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Aaaagh!

The markets looked like the initial plunge on a roller coaster Wednesday as the Dow dropped more than 200 points in the first half hour of trading the day after Americans voted for the status quo. Obama is back in the White House. Republicans retain the House of Representatives, all while facing some serious problems over the deficit and the economy.

Webster Financial and Terex Corp were both down more than 4 percent. UTC, Xerox and Pitney Bowes were all down more than 2 percent. GE was off more than 1 percent.

Amidst all the rea, Southport-based Sturm Ruger & Company Inc., saw its shares continue to rise, gaining more than 3 percent to $46.43.

Categories: Wall Street
Rob Varnon

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