Trish Regan, Anchor and Editor for BloombergTV, pointed in her Twitter account that it was "One of the biggest sell offs of the year. Wall Street sending its warning to Washington." Regan concluded: "Fix the fiscal cliff...or else."
The Dow Jones Industrial Average lost 312.95 pts or 2.36% to decline below the 13K mark and close at 12,932.73. The S&P 500 declined 2.37% or 33.86 pts to finish at 1,394.53. The Nasdaq Composite fell below the 3K line and closed at 2,937.29 after dropping 74.64 pts or 2.48% so far today.