The stock market took a sharp downturn after Obama's re-election. (Creative Commons)

The reaction of investors over the presidential defeat of business-minded Mitt Romney was decidedly negative. The continuous gridlock in Congress that made it difficult for lawmakers to avert a fiscal policy crisis also played a factor in the stock’s downturn.

The Dow settled at 12,933 and had its lowest close since Aug. 2, USA Today reported.

Wall Street professionals noted that a negative sentiment was increased Wednesday after the European Central Bank President Mario Draghi expressed concerns about some European economies before the U.S. market opened today.

Others noted that much of the downturn came from computerized trading programs that triggered large sell-offs of stocks at pre-set prices.

Investors are focusing on Obama and Congress’ plan to avert a looming “fiscal cliff.” The situation remains magnified after Obama’s re-election, since a deeply divided Congress remains at a “virtual status.” Obama stressed the need for bipartisanship in his election speech, which will aide the economy’s recovery and allow for deals to be made.

Read the full story here.

Reach Executive Producer Sophie Elkus here.