Stocks fell the most in a year on Wall Street following the presidential election and new worries from Europe that a broad recession there is now all but certain. The Dow Jones industrial average fell 300 points to 12,948 at 12:55 p.m. The Standard & Poor's 500 index lost 31 points to 1,396 and the Nasdaq composite was off 74 points at 2,937. Among the big winners were gun makers Sturm Ruger, up 7 percent, and Smith and Wesson, up 9 percent. Banks and insurance company stocks traded sharply lower. Apple fell 3.5 percent to $559, completing a 20 percent drop from its all-time high of $705 in September. US policymakers must deal with a host of economic issues now that the election has been decided, including $607 billion of tax increases and federal spending cuts set for January, the so-called fiscal cliff, as well as the expiration of a withholding tax cut and the looming $16 trillion federal deficit. ABC's Nick Schifrin reports that Greece is in the second day of a 48-hour general strike. Most of Athens is shut down and tonight the Greek parliament is voting on severe cuts across the economy that will include salary reductions. If the measure doesn't pass, Greece may go bust within weeks. If the measure does pass, massive protests are expected. The anti-immigrant, fascist party Golden Dawn is now the third most popular party in the country - despite openly targeting immigrants in the streets of Athens.