“Brexit” affects US major indexes

NEW YORK, June 24 (KUNA) — US major indexes dropped Friday, while investors in panic after Britain’s decision to leave European Union and Prime Minister David Cameron’s resignation announcement.
The Dow Jones Industrial Average (DJIA) plunged 517 points, or 2.8 percent, to settle at 17,505 in comparison to 18,011.07 previous closing.
Amid swirling uncertainty over the impact of the so-called “Brexit,” the Standard and Poor’s (S& P 500) was off by almost 2.5 percent, while the Nasdaq Composite Index tumbled 148 points (3.1 percent) to settle at 4,760.
Not only stocks were stricken by the “Brexit,” but also US crude.
According to New York Mercantile Exchange (NYMEX), the Crude Oil Futures opened at USD 50.30 this morning, to drop as low as USD 46.70, and regained some strength to settle at USD 48.25 at 10:30 (New York Time). (end) mao.ibi