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US stocks plunge after British vote to leave EU

Published 24/06/2016

US stocks have been hit by the Brexit vote
US stocks have been hit by the Brexit vote

US stocks have plunged after Britons voted to leave the European Union.

The Dow Jones industrial average dropped 611 points, or 3.4%, to 17,399 in heavy trading on Friday.

The Standard & Poor's 500 index fell 75 points, or 3.6%, to 2,037. The Nasdaq composite sank 202 points, or 4.1%, to 4,707.

It was the biggest drop for the Dow and S&P 500 since August and the worst fall for the Nasdaq since 2011.

Some European markets fell even more. France's benchmark index lost 8% and Germany's fell 7%.

Bond prices rose sharply as investors sought safety. The yield on the 10-year Treasury note dropped to 1.57% from 1.75% a day earlier.

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From Belfast Telegraph