LONDON - First came the shock. Then fear seized world markets. As frenzied selling accelerated in Tokyo, Hong Kong and London, unfathomable amounts of wealth vanished in a matter of hours.
Traders work on the floor of the New York Stock Exchange (NYSE) following news that the United Kingdom has voted to leave the European Union on June 24, 2016 in New York City.
President Barack Obama said Friday that the U.K. vote to leave the European Union would not change the “special relationship” the country has with the United States.
To star Los Angeles investor Jeffrey Gundlach, bull markets and bear markets aren't about how much stocks have climbed or fallen, but about teamwork - whether players in the economy are working together.
NEW YORK The S&P 500 turned negative for the year-to-date on Friday as Wall Street suffered its largest selloff in 10 months after Britain's decision to leave the European Union caught traders wrong-footed.