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24-06-16, 07:02 #11
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S&P 500 Futures Stumble as ‘Leave’ Camp Ahead in Early Referendum Tally
U.S. stock index futures dropped in after-hours trading as preliminary results from Britain's referendum to stay or leave the EU showed a lead for supporters of a British Exit or Brexit.
S&P E-mini futures was down 0.8% as early tally showed 52.6% of the vote for the “leave" camp and 47.4% for the “stay" camp. Sterling plunged down to $1.4351 against the greenback, erasing its earlier gains which elevated the pound its peak of beyond $1.50 this year after polls indicate that Britons had 52-48% to remain in the EU bloc. Futures on the VIX .VIX volatility index climbed 1.02 pts. to 17.7 as anxiety among investors increase.
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