Stocks Opened Lower as Italy’s Plitical Turmoil Weighed

U.S. stocks opened sharply lower on Tuesday,  joining a global equity selloff  triggered by worries about a potential political crisis in Italy. The Dow Jones Industrial Average lately fell 145.38 points, or 0.59%, to 24,607.71. The S&P 500 dropped 12.70 points, or 0.47%, to 2,708.63. The Nasdaq Composite was down 6.44 points, or 0.09%, to 7,427.41.

U.S. and European oil prices diverged on Tuesday, with concerns about global oil supply still acting as a weight on West Texas Intermediate crude. Brent futures were up 42 cents, or 0.6%, to $75.72 a barrel. But July WTI prices were down 95 cents, or 1.4%, to $66.93.

Home prices in the U.S. are on the rise but the increases appear to be leveling off. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index was unchanged in March from a month earlier, posting a 6.5% annual increase.

Stratasys Ltd. (SSYS) said Chief Executive Ilan Levin was stepping down, effective June 1, after less than two years in the role. Chairman Elchanan Jaglom will serve as CEO until a successor is found.

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