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UPDATE: Italy Now Getting Crushed, US Markets Turn Red

Joe WeisenthalMar 25, 2013, 20:21 IST

Whatever "euphoria" there was post-Cyprus is quickly dissipating.

Italy is getting slammed. It was down 1.55% a few minutes ago. Now it's down 2.3%.

FRSE MIB

Other European indices have turned negative.

US stocks which had been nicely up, have turned down. The Dow is off 28.