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S&P 500 posts worst day since November

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Reuters Delhi, India
Last Updated : Feb 26 2013 | 3:10 AM IST

NEW YORK (Reuters) - The S&P 500 suffered its worst decline since November 7 on Monday in a sharp reversal from initial gains as elections in Italy stoked concerns that a divided parliament could disrupt the country's fiscal reforms and the euro zone's stability.

Based on the latest available data, the Dow Jones industrial average slid 216.40 points, or 1.55 percent, to end unofficially at 13,784.17. The Standard & Poor's 500 Index dropped 27.75 points, or 1.83 percent, to finish unofficially at 1,487.85. The Nasdaq Composite Index lost 45.57 points, or 1.44 percent, to close unofficially at 3,116.25.

(Reporting by Caroline Valetkevitch; Editing by Jan Paschal)

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First Published: Feb 26 2013 | 2:52 AM IST

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