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Market Snapshot: Dow down nearly 500 points as Italy’s political turmoil stirs market unrest

U.S. stocks fell in early trade Tuesday, with the Dow industrials down more than 200 points, as traders returning from a three-day weekend were greeted by fresh Italian political drama.

Another Italian election looks likely within a few months, and investors fear it could turn into a de facto referendum on the country’s membership in the euro.

Traders also were assessing efforts to revive a June summit between President Donald Trump and North Korean leader Kim Jong Un, as well as political uncertainty in Spain, where Prime Minister Mariano Rajoy was struggling to stay in power.

Check out:Here’s why markets are worried about Italian politics — again

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