Wall Street falls on Italy political turmoil; S&P, Dow Jones down over 1%

The S&P 500 and the Dow Jones Industrial Average fell more than 1 per cent on Tuesday as political turmoil in Italy sparked concerns about the stability of the euro zone. Italy has been unable to assemble a coalition government since inconclusive elections in March, which saw the rise of anti-establishment parties that support leaving the euro.

The most recent nominee for prime minister failed to secure support from the country's major political parties. The political crisis in Rome, and the threat to the euro project it represents,.

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