After Brexit, US stocks tumble the most in 10 months

June 24, 2016 10:26 PM

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After Brexit, US stocks tumble the most in 10 months

(Bloomberg) -- U.S. stocks plunged the most in 10 months, joining a selloff in global risk assets on speculation that the the U.K. decision to leave the European Union will hamper worldwide growth.

Equities sank to session lows in afternoon trading, with the Dow Jones Industrial Average sliding more than 600 points. The S&P 500 Index extended losses after falling below the 2,050 level, an area where other pullbacks during the prior two months found a floor. Banks and industrial shares capped t...

Also read: Boris Johnson: UK should not pay 'large sums' for EU trade access

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