Lower for Longer? Dow Drops 40 Points as Brexit Becomes Reality

Stocks finished mixed today as the market digested yesterday's gains on a day that began with the UK's formal decision to leave the European Union . The S&P 500 ticked up 0.1% to 2,361.13 today, while the Dow Jones Industrial Average fell 42.18 points, or 0.2%, to 20,659.32. The Nasdaq Composite gained 0.4% to 5,897.55. Jefferies strategist Sean Darby and team write that Brexit comes at a great time for the UK: