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Nov. 8, 2011, 2:18 p.m. EST

Italy's PM Silvio Berlusconi to resign: reports

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By Wallace Witkowski

SAN FRANCISCO (MarketWatch) -- Italian Prime Minister Silvio Berlusconi plans to resign after the country's 2012 budget is approved, according to media reports Tuesday, citing the office of Italy's president. Earlier, Berlusconi had lost his majority during a key parliamentary vote, increasing the likelihood of a confidence vote or resignation. U.S. stocks swung to positive territory with financial stocks leading the way following the news. The Dow Jones Industrial Index /zigman2/quotes/210598065/realtime DJIA -0.56% rose 0.4%, the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +0.08% advanced 0.6%, and the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP +0.59% grew by 0.7%.

Read the full story:
Financial stocks rise on Berlusconi plans

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
35,911.81
-201.81 -0.56%
Volume: 396.47M
Jan. 14, 2022 5:16p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,662.85
+3.82 +0.08%
Volume: 2.52B
Jan. 14, 2022 5:16p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
14,893.75
+86.94 +0.59%
Volume: 3.76M
Jan. 14, 2022 5:16p
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