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Wall Street drops on Italy worries

NEW YORK (Reuters) – The S&P 500 and the Dow Jones Industrial Average suffered their biggest one day percentage drop in a month on Tuesday as political turmoil in Italy sparked concerns about the stability of the euro zone and shares of U.S. banks tumbled.

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S. May 22, 2018. REUTERS/Brendan Mcdermid

The Dow Jones Industrial Average fell 391.64 points, or 1.58 percent, to 24,361.45, the S&P 500 lost 31.47 points, or 1.16 percent, to 2,689.86 and the Nasdaq Composite dropped 37.26 points, or 0.5 percent, to 7,396.59.

Reporting by Chuck Mikolajczak; Editing by Will Dunham

http://feeds.reuters.com/~r/reuters/businessNews/~3/A0heKRGkO1c/wall-street-drops-on-italy-worries-idUSKCN1IU1E1

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