This article is from the archive of our partner .

The Dow dropped 389 points today to close at 11,780, while Nasdaq and S&P saw dives over 3 percent. The weakness is being blamed on Europe "as the realization sank in that Italy now must find a new political regime stable enough to implement painful cutbacks and tax increases."

This article is from the archive of our partner The Wire.

We want to hear what you think about this article. Submit a letter to the editor or write to letters@theatlantic.com.