The Dow Jones dropped 216 points today, which is the worst day the Dow has had since November. On Monday, Feb. 25, 2013, Barron’s website suggests the cause for the Dow's large drop in points is due to “the reality of Italy’s election results” seeping in.
The Italian election and what it means for the euro and eventually the global economy might have come into a “sharper focus” today and this could be reflected in what is happening with the Dow. It was just recently that the Dow was close to breaking its own all-time-high record. Today it’s down about 1.6%, the largest fall the Dow’s seen since Nov. 7, 2012.
As of 4:30 p.m. ET, the Dow was at 13, 784.17, down 216.02 since this morning, according to Fox News live. Much of the Dow’s loss came late in the afternoon on Monday.
The website for Reuters reports on Monday that the “U.S. stocks dropped due to the Italian election uncertainty. The stocks have reversed course from earlier gains as the Italian election brought concerns of a divided parliament disrupting the country’s fiscal reforms and the stability of the euro zone.