NEW YORK Feb 25 U.S. stocks extended losses,
with major indexes hitting session lows by late afternoon trade
on Monday, on fears that a divided parliament in Italy would get
in the way of the country's reforms and hamper the euro zone's
The Dow Jones industrial average was down 75.15
points, or 0.54 percent, at 13,925.42. The Standard & Poor's 500
Index was down 10.44 points, or 0.69 percent, at
1,505.16. The Nasdaq Composite Index was down 12.36
points, or 0.39 percent, at 3,149.46.
The CBOE Volatility index VIX, Wall Street's
so-called fear gauge soared 20 percent to 17.03, it biggest
daily jump since Nov 9, 2011.