Brexit induced crash continues

The Brexit induced financial market crash continued with the Dow plunging 237 points to 17,162. Nasdaq collapsed 97 points to 4,610.


On the upside


Akers Biosciences (Nasdaq: AKER) signed its first distribution agreement for BreathScan OxiCheck.

TheStreet wrote that Fibrocell Science (Nasdaq: FCSC) was one of five under $10 stocks that was poised to climb.


People's United Financial (Nasdaq: PBCT) will acquire Suffolk Bancorp (NYSE: SCNB) in a deal valued at approximately $402 million.


On the downside


Concerns that the Brexit will trigger a global recession sent shares of Cobalt International Energy (NYSE: CIE) plummeting.


Shares of Charles Schwab (NYSE: SCHW) fell again as investors consider the long term consequences of Brexit.

Bank of America (NYSE: BAC), Citigroup (NYSE: C) and Wells Fargo (NYSE: WFC) all fell again as fallout from Brexit continued.


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 1 on the NYSE and by nearly 6 to 1 on Nasdaq. The broader S&P 500 plunged 34 points to 2,002. Bitcoin gained $11 to $628.

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