November 09, 2022 - 1:08 PM
NEW YORK (AP) — Wall Street closed sharply lower, giving back a big chunk of the gains built in a three-day rally running up to Election Day. The S&P 500 lost 2.1% Wednesday. Several sources of disappointment were behind the drop. There’s still uncertainty about whether Tuesday’s elections will result in a divided Congress that would prevent the kinds of economic policies that make Wall Street nervous.