Crushed: Dow Tumbles 600 Points, Nasdaq Slides Most Since 2011 as Brexit Shakes Stocks

Stocks took it on the chin today after the U.K. voted to bail on the European Union, something that just one day ago seemed highly unlikely . As a result, the losses were huuuge. The S&P 500 fell 3.6% to 2,037.30, its largest drop since Aug. 24, 2015. The Dow Jones Industrial Average fell 611.21 points, or 3.4%, to 17399.86, its largest one-day percentage decline since Aug. 24, 2015. The Nasdaq Composite tumbled 4.1% to 4,707.98, its largest drop since Aug. 8, 2011. And those numbers don't necessarily do the selloff justice, though this one might: 47 stocks in the S&P 500 plunged at least 8% today, more than the 39 that finished in positive territory. Can you say "nowhere to hide?" Yet despite the carnage, the week wasn't all that bad . The S&P 500 fell 1.6% this week, while the Dow Jones Industrial Average dropped 1.6% this week, and the Nasdaq Composite finished off 1.9% this week. In fact, Carnegie Investment Counsel's Brent Luce goes as far as calling today's selloff "orderly." He explains why: