Thanks, Brexit! Dow Drops Another 293 Points in Monday’s First Hour of Trading

Index hasn’t been this low since late winter

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Panicked Americans are sell, sell, selling: the Dow Jones Industrial Average dropped nearly 300 more points in Monday’s opening hour of trading.

The barometer-esque index suffered more than a 600-point drop on Friday, following the British vote to depart the European Union — aka the “Brexit.” The decision immediately sunk the value of the Pound, and didn’t do the Euro any favors either.

Below is a look at the past five trading days for the DJIA. The damage obviously only comes from two of those heavy sell-off periods, but the other 72 hours are good for added perspective. The actual drops are indicative enough of what most of the stock market has been seeing since the landmark U.K. vote.

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Certain stocks are getting hit harder than others, of course. In the media company world, Discovery, Fox, Apple, Disney and other highly global organizations are suffering a particularly tough time these days, in terms of valuation. Click here to see how some of those publicly traded stateside-based corporations faired in the early going of a scary Friday.

Of course, the local U.K. companies found an even more volatile market awaiting them after the shocking decision. Check out some of those initial drops here.

The U.S. stock markets officially open at 9:30 a.m. ET and close at 4 o’clock p.m.