Stocks Continue to Plummet Amid Brexit Fallout

Dow Jones Industrial is down 871 points after just 2 days of trading.
1:53 | 06/27/16

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Transcript for Stocks Continue to Plummet Amid Brexit Fallout
And now to that political and economic earthquake in the UK. Their vote to break with the european union. The aftershocks are rippling here again today. Wall Street opening the week with new losses for Americans and their 401(k)s. The Dow plunged another 260 points, down 1.5%. ABC's chief business correspondent Rebecca Jarvis reports. Reporter: Tonight, the biggest two-day selloff since last summer hammered wall Street. Stocks have tumbled nearly 5.5%. The Dow down 871 points. The typical retirement account erasing almost $5,000 in value, with the british pound cratering to a 31-year low against the dollar. What's the concern here at this point? This is a major, major level of uncertainty, worldwide, economically. Reporter: In the UK, tensions running high. Listen to this voter taking on politicians. After decades of ignoring the working class, how does it feel to be punched in the nose? Reporter: That stinging feeling has nearly 4 million signing a petition for a re-vote. Prime minister David Cameron responding, the brexit will stand. The decision must be accepted and the process of implementing the decision in the best possible way must now begin Reporter: But questions over exactly what that path will be has investors everywhere on edge. Investors don't feel confident right now on how the landscape is going to be, how it's going to look moving forward. And Rebecca, this uncertainty just isn't going to end. Late in the day, the ratings agencies downloading Britain's economy. That's going to have ripple effects, too. Reporter: Absolutely, George. It means it is more expensive now for Britain to borrow, more difficult for them to do so and the domino effect here, the longer this uncertainty lasts, the more impact it has on U.S. Econo companies, jobs and markets. George?

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