Wall Street drops on Italy, Saudi Arabia worry

Wall Street drops on Italy, Saudi Arabia worry

NEW YORK (Reuters) - U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy's budget and concerns mounted over the possibility of strained relations between the United States and Saudi Arabia, denting investors' appetite for risk.

The Dow Jones Industrial Average <.DJI> fell 327.23 points, or 1.27 percent, to 25,379.45, the S&P 500 <.SPX> lost 38.32 points, or 1.36 percent, to 2,770.89 and the Nasdaq Composite <.IXIC> dropped 154.18 points, or 2.02 percent, to 7,488.52.

(Reporting by Chuck Mikolajczak; Editing by Dan Grebler)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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Updated Date: Oct 19, 2018 02:05:51 IST

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