Skip to main content

Brexit sparks global market turmoil

British voters' decision to leave the European Union sparked turmoil in global markets. The Dow extended its losses by diving 514 points to 17,496. Nasdaq collapsed 180 points to 4,729.


On the upside


Bargain hunters lifted shares of Biostar Pharmaceuticals (Nasdaq: BSPM).


Seaport Global Securities upgraded Emerge Energy Services (NYSE: EMES) from a Neutral rating to a Buy rating.

Rising gold prices lifted shares of Harmony Gold (NYSE: HMY) and Gold Fields (NYSE: GFI).


On the downside


Aviva (NYSE: AV) reassured investors that the Brexit decision would not have a significant impact on its business but the stock price plummeted.


Concerns that the Brexit will have a negative impact on the technology and telecommunications industries sent shares of BT Group (NYSE: BT) plunging.


European banks Credit Suisse (NYSE: CS) and Deutsche Bank (NYSE: DB) plummeted in reaction to the Brexit vote.

In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 1 on the NYSE and by nearly 7 to 1 on Nasdaq. The broader S&P 500 plummeted 64points to 2,049. Bitcoin soared $30 to $635.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.