Market Drop Expected After Italian Premier Resignation

Wall Street futures slipped Sunday on word Italian Premier Matteo Renzi will resign after yesterday’s defeat of constitutional reforms he backed.

Because of that, some analysts feel a two-to-four percent drop in the financial markets is on the way.

Here’s Business Editor Murray Feldman.

Over the past few weeks markets in New York hit all-time record highs. That upward trend may be slowing.