Monday 16 January 2017

US stocks plunge after British vote to leave EU

Published 24/06/2016 | 21:26

The Dow Jones industrial average dropped 611 points, or 3.4pc, to 17,399 in heavy trading on Friday Stock photo: PA
The Dow Jones industrial average dropped 611 points, or 3.4pc, to 17,399 in heavy trading on Friday Stock photo: PA

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

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

The Standard & Poor's 500 index fell 75 points, or 3.6pc, to 2,037. The Nasdaq composite sank 202 points, or 4.1pc, 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 8pc and Germany's fell 7pc.

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

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