The markets fell apart Friday as the UK stunned the world by voting to leave the European Union. Circuit breakers were hit world wide as the news came out. Overnight the US futures markets were halted due to dropping over 5% and, when they re-opened continued to slide more. The selling pressure was massive causing almost every stock to close in the red.
The Dow 30 closed down a whopping 519 (-2.89%), the S&P 500 lost 75 (-3.60%) and the Nasdaq 100 lost 202 (-4.12%). Banking stocks were slammed today so this update will cover the performance of some of the global banks.
Citigroup
It wasn't just the US based banking stocks that were hit, the selloff in financials caused chaos accross the globe as well. Deutsche Bank
The worst of the group was naturally the stock with a base in London. Lloyd's Banking Group