Dow falls 2% as US stocks resume sell-off on trade, Brexit

New York (AFP) – Wall Street stocks were sharply lower in mid-morning trading Monday as the postponement of Britain’s Brexit vote added to the uncertainties that have dragged major indices into correction territory.

Near 1610 GMT, the Dow Jones Industrial Average was down 1.9 percent, or about 450 points, to 23,937.99, after earlier dropping two percent.

The broad-based S&P 500 dropped 1.7 percent to 2,589.76, while the tech-rich Nasdaq Composite Index shed 1.0 percent to 6,899.49.