Investors retreat after Obama victory gives way to focus on the weak economy.
NEW YORK (CNNMoney.com) -- Stocks slipped Wednesday morning as the forward-looking market moved beyond Barack Obama's historic victory to the weak economy he inherits.
Barack Obama was expected to win his hard-fought battle against John McCain, based on polls leading up to the election. But Wall Street and Main Street had not anticipated by how wide a margin he would win, taking both the electoral college and the popular vote. (Full story)
But on Wednesday the focus returned to the battered economy Obama must shepherd. Two weak labor market reports underscored that weakness and unnerved investors ahead of Friday's big monthly jobs report.
