It led earlier in the day in Europe and Asia to large losses in stock markets. Bank Stocks in New York went on sale.
The Dow Jones Index recorded around 21:30 am (Dutch time) 3.4 percent lower at 17,392 points. The broad S & amp; P 500 slumped 3.6 percent to 2036 points. The technology bellwether Nasdaq lost 4.2 percent to 4705 points.
The brexit came as a surprise to investors because they had assumed that the Britons would vote to stay in the EU. Thursday, Wall Street thus still considerably went up.
The Federal Reserve announced the developments to be followed closely in the global financial markets, following the outcome of the referendum. The central bank is ready to pump liquidity into the market if necessary to offset any negative impact of exchange losses for the US economy.
Banks
As in Europe banks were in New York the prize. Morgan Stanley was one with a minus of nearly 10 percent among the strongest performers. But peers like Citigroup (minus 9 percent), JPMorgan Chase (minus 7 percent), Bank of America (minus 7.2 percent) and Wells Fargo (minus 4.3 percent) shared in
the oil sector took a coat. A barrel of US oil was 5 percent less valuable at $ 47.60. Brent oil fell 5 percent to $ 48.36 a barrel. In the wake were the shares of oil companies like Chevron (minus 2.5 percent) and ExxonMobil (minus 2.8 percent) bring down. Oil Service as Baker Hughes, Halliburton and Schlumberger lost nearly 5 percent.
gold miners such as Barrick Gold and Newmont Mining benefited from the sharp rise in gold prices. They saw their market value rise respectively 5.7 and 4.9 percent. Investors flee in uncertain times to seemingly secure investments such as the precious metal. For a troy ounce (31.1 grams) of gold had to be stitched by the end of the session $ 1317.71.
The euro was at $ 1.1114 1.1117 dollars worth, to lock in Europe
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