Markets on Course for Sell-off on Brexit
The major U.S. index futures are pointing to a notably lower opening on Friday, with the unexpected development of Britain's decision to quit the EU wreaking havoc on the markets. The pound, after initially pulling back to near a 31-year low, has trimmed loss., although it is still notably lower. The U.K is also facing political uncertainty, with Prime Minister David Cameron deciding to step down.
6/24/2016 4:15:20 PM With traders reacting to the Brexit vote overnight, stocks moved sharply lower during the trading session on Friday. The steep drop on the day more than offset the substantial rally that was seen over the course of the previous session.