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Stocks dive after Italian election results point to split parliament

Closing out the day… Stocks plunged Monday after results from Italy's election pointed toward a divided parliament, which could block some of the reforms implemented by the Monti government, potentially impacting the stability of the eurozone.

Among the high-volume stocks today Amgen (AMGN), Facebook (FB) and Verizon (VZ) booked gains while Apple (AAPL), Citigroup (C) and ExxonMobil (XOM) all moved lower. The Chicago Board Options Exchange Volatility Index closed the day at 19.21 after opening at 13.69. The Put/Call Volume Ratio is at 1.05 while the Put/Call Open Interest ratio is at 0.94. [InvestorsKeyhole, various news and data sources]

Bobby Raines

Bobby Raines is the Managing Editor of the Market Intelligence Center. He has degrees in Mass Communications and History from Emory & Henry College. Bobby worked at a mid-sized daily newspaper before making a switch to covering the financial industry full time in the years leading up to the financial crisis. He has been a member of the Fresh Brewed Media team since 2011 and has served as a writer and analyst. You can write to him at braines@marketintelligencecenter.com or follow him on Twitter: @BRatMICenter.