As realities of Brexit take hold, global markets retreat from last week’s gains

July 5, 2016 8:43 PM

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The three major U.S. stock indices shed some of last week’s big gains, the British pound dropped to a 31-year low and oil pulled further back from $50 a barrel as the recent British vote to leave the European Union continued to roil world markets Tuesday.

The Dow Jones industrial average and the Standard and Poor’s 500-stock index both finished the trading day down more than 0.6 percent. The tech-heavy Nasdaq was down 0.8 percent. Their slump followed a global tumble, with Japan’s Nikkei 225, Hang Sen in Hong Kong, Australia and most European markets...

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