Brexit: Stock markets remain shaky following UK’s EU vote

The US and European stock markets stumbled again on Monday, following the UK’s shock vote to leave the European Union. In the US, the Nasdaq dropped more than 2%, the Dow Jones industrial average fell 1.5% and the Standard & Poor’s 500-stock index fell more than 2% before recovering some ground. London’s main FTSE 100 index was down 2.6% and Germany’s DAX over 3%. Ratings agency Standard & Poor’s stripped the UK of its last remaining top-notch credit rating on Monday, warning that more downgrades could follow. According to Standard & Poor’s Dow Jones Indices, Friday’s fall in share prices wiped out 2.08 trillion US dollars from global equity markets, the biggest one-day loss ever.

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