TRADERS FLEE, MARKETS TUMBLE AFTER BREXIT VOTE

Jun 24, 2016

By Michael Kramer

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Stock markets in North America closed deeply in the red – following the historic vote by Britain – to leave the European Union.

Markets around the world felt the pain – as uncertainty grew about how the fallout from the decision – will hurt global economic growth.

Toronto’s market dived at the start of the trading day – but made up some lost ground –   by the closing bell.

The S&P/TSX composite index finished the day down 239.50 points at 13,891.88 – while the Canadian dollar dipped 1.37 U.S. cents – to 76.93 cents U.S.

The Dow Jones in New York plunged 610.32 points to 17,400.75.

The S&P 500 dropped 75.91 points to 2,037.41 – while the Nasdaq composite lost 202.06 points to 4,707.98.

The August contract for North American benchmark crude oil fell $2.47 to US$47.64 a barrel – but gold was the lone bright spot as the August contract gained $59.30 to US$1,322.40 a troy ounce.

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