Brexit: 5 areas financial advisors should watch
June 28, 2016 by BERNICE NAPACH
Markets plummeted in the aftermath of the historic British vote, but don’t panic
![This was the screen above the floor of the New York Stock Exchange at the closing for the Dow Jones industrial average on Friday, June 24, 2016. Stocks plunged in the U.S. and worldwide after Britain voted to leave the European Union. (AP Photo/Richard Drew)](http://media.lifehealthpro.com/lifehealthpro/article/2016/06/26/ap16176749091222-crop-600x338.jpg)
This was the screen above the floor of the New York Stock Exchange at the closing for the Dow Jones industrial average on Friday, June 24, 2016. Stocks plunged in the U.S. and worldwide after Britain voted to leave the European Union. (AP Photo/Richard Drew)
Just like no one really knew how the Brexit vote would turn out — and many forecasters got it wrong — it’s difficult to know now how Britain’s vote to leave the EU will affect global economies and markets in the longer term, but today it’s been a bloodbath.
At different points during Friday’s trading day, the British pound was off 11 percent, major stock indexes in the U.K., Western Europe and Japan were all down 8% and the Dow Jones industrial average was off 500 points. The Dow ended the trading day down 611 points, or 3.4 percent, at 17,400. Click HERE to read more… LifeHealthPro articles require free registration to view.