U.S. stock futures dip, dollar rises as Italian election results add to uncertainty

U.S. stock-index futures fell late Sunday, suggesting losses Monday. The projected victory of a far-right party in Italy added to uncertainties about rising interest rates and recession fears. Wall Street suffered another week of losses Friday in the wake of the Fed’s latest jumbo rate hike. The Dow Jones Industrial Average fell 486.27 points, or 1.6%, to close at 29,590.41, while the S&P 500 dropped 1.7% and the Nasdaq tumbled 5.1%.

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