US STOCKS-Financial stocks reel under Brexit impact

lunes 27 de junio de 2016 10:03 GYT

* European stocks hammered for a second day

* JPMorgan down 2 pct, BofA down 3 pct

* Indexes down: Dow 1.24 pct, S&P 1.2 pct, Nasdaq 1.32 pct (Updates to open)

By Yashaswini Swamynathan

June 27 (Reuters) - Financial stocks led Wall Street sharply lower on Monday in the aftermath of a shock vote by Britons to leave the European Union.

The S&P financial index fell 1.55 percent, leading the decliners for the second-straight day, as uncertainty over London's future as the region's finance capital lingered.

JPMorgan fell 2 percent, while Bank of America was down 3 percent. The stocks were among the top losers on the S&P 500.

European stocks were hammered for a second day and the sterling fell more than 2 percent. The European banks index on Monday hit its lowest since July 2012.

The selloff on Friday eroded $2.08 trillion in market capitalization globally - the biggest one-day loss ever, according to Standard & Poor's Dow Jones Indices, trumping the Lehman Brothers bankruptcy during the 2008 financial crisis.   Continuación...