Markets Right Now: US stocks, British pound fall further
NEW YORK - Stocks are closing broadly lower in the U.S. as investors continue to grapple with the fallout of Britain's vote to leave the European Union.
The British pound fell further on Monday as traders expected the British economy to suffer because of the "leave" vote. Also Monday Standard & Poor's stripped the country of its top-shelf credit rating.
The Dow Jones industrial average fell 260 points, or 1.5 percent, to 17,140.
The Standard & Poor's 500 index lost 36 points, or 1.8 percent, to 2,000. The Nasdaq composite gave up 113 points, or 2.4 percent, to 4,594.
Stocks fell 3 percent in France and Germany and 2.5 percent in Britain.
Bond prices rose. The yield on the 10-year Treasury note fell to 1.46 percent.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Trying to keep cool during another heat advisory weekend
Governor considering mask mandate as hospitals beg for help in latest COVID...
Nearly a year after her son's heat-related death, Denham Springs mom on...
Pest control company explains how to avoid home infestations during summer heat
Nakamoto: Racist behavior under investigation at State Police; internal documents show it...