Brexit shock gave Wall Street its worst day in 10 months

The New York Stock Exchange reacts to Brexit news — (Image credit: Spencer Platt/Getty Images)

Britain's decision to leave the European Union caused the value of the British pound to plummet and gave Wall Street its worst day in 10 months on Friday.

A massive sell-off caused the S&P 500 to lose all its gains for 2016, making it negative for the year to date, with only high-dividend-paying utilities ending Friday's trading profitably.

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Bonnie Kristian was a deputy editor and acting editor-in-chief of TheWeek.com. She is a columnist at Christianity Today and author of Untrustworthy: The Knowledge Crisis Breaking Our Brains, Polluting Our Politics, and Corrupting Christian Community (forthcoming 2022) and A Flexible Faith: Rethinking What It Means to Follow Jesus Today (2018). Her writing has also appeared at Time Magazine, CNN, USA Today, Newsweek, the Los Angeles Times, and The American Conservative, among other outlets.