Monday, February 25, 2013

Italy Vote Stirs Market Turmoil

Antonio Calanni/Associated Press

A strong showing by former Premier Silvio Berlusconi's party leftItaly facing a divided government, rattling investors.

ROME�In a national election meant to push Italy further down a path of economic reform, voters delivered political gridlock that could once again rattle Europe's financial stability.

Markets in Europe and the U.S. gyrated even in response to early returns. The Dow Jones Industrial Average swung nearly 300 points, ending with its worst day in almost four months, as the prospects of a stable government appeared to drop.

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