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Wall Street tumbles on Italy election fears

The US stocks market has fallen hard on Monday as investors have been concerned on Italian election and a posible hung government. Pier Luigi Bersani leads the run with a close Berlusconi in a second position according to the latest results.

Beppe Grillo will decide the Italian short term future as he could make coalition with any party or force new elections. Mario Monti has gotten just the 10% of votes.

The Dow Jones fell 216.40 points or 1.55% to close at 13,784.17. The S&P 500 declined 27.75 points or 1.83% to finish at 1,487.85. And the Nasdaq Composite lost 45.57 points or 1.44% to 3,116.25.

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