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S&P 500 falls below 2,000 for first time in 3 months

Published 06/27/2016, 10:54 AM
Updated 06/27/2016, 10:54 AM
© Reuters. S&P loses 2,000 points for the first time since March continuing Brexit induced slide

Investing.com – The S&P 500 broke below 2,000 for the first time since March, as the impact of the decision for the U.K. to leave the European Union (EU), known as a Brexit pummeled global equities for a second-day running.

At 14:43GMT, or 10:43AM ET, the index was fell 45 points, or 2.1%, near intraday lows hit at 1,992.25 points.

The Dow Jones also sank more than 300 points on Monday.

Both indices turned red for the year on Friday when the U.K. announced its historical decision to leave the EU, shocking stock markets worldwide.

Howard Silverblatt of S&P Dow Jones Indices said that global markets lost a record $2.08 trillion on Friday, with the S&P shedding $657 billion and the Dow Jones erasing $163 billion.

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