NEW YORK (AP) — Stocks slid on Wall Street Thursday, a day after the Dow Jones industrial average logged its biggest one-day drop of the year, as investors fretted about the potential for gridlock in Washington.

The Dow was down 45 points to 12,888 as of 12:40 p.m. Eastern. The Standard and Poor's 500 index fell six points to 1,388 and the Nasdaq composite slipped 17 to 2,919.

The Dow plunged 313 points Wednesday, its fifth worst one-day drop following a U.S. presidential election. The biggest, in 2008, came in the midst of the financial crisis on the day after President Barack Obama won his first term.