--- description: The Dow Jones Industrial average plunged 500 points on Friday morning as markets around the world reacted to the Brexit decision. title: Stock Market Plummets 500 Points After Brexit Vote image: https://static.time.com/v3/assets/bltea6093859af6183b/blt820642f5f13f8da1/6988994d0a4a225d809ca395/dow-jones-brexit-reaction.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 ---  * [U.S.](/section/us/) ## U.S. Update your preferences in [Account Settings](/account/preferences/) Close * [stocks](/tag/stocks/) ## stocks Update your preferences in [Account Settings](/account/preferences/) Close # Stock Market Plummets 500 Points After Brexit Vote by [Lucy Bayly and Matthew Deluca / NBC News](/author/nbc-news/) ## Lucy Bayly and Matthew Deluca / NBC News Update your preferences in [Account Settings](/account/preferences/) Close Jun 24, 2016 2:07 PM CUT  In this photo illustration, the European Union and the Union flag sit together on bunting on March 17, 2016 in Knutsford, United Kingdom. In this photo illustration, the European Union and the Union flag sit together on bunting on March 17, 2016 in Knutsford, United Kingdom.Christopher Furlong/Getty Images by [Lucy Bayly and Matthew Deluca / NBC News](/author/nbc-news/) ## Lucy Bayly and Matthew Deluca / NBC News Update your preferences in [Account Settings](/account/preferences/) Close Jun 24, 2016 2:07 PM CUT The Dow Jones Industrial average plunged 500 points on Friday morning—the index’s biggest drop in 10 months — as markets around the world reacted to a vote by citizens of the United Kingdom to leave the European Union. The Dow fell as much as 538.27 points and the S&P 500 dropped as much as 58.49 points in the first minutes of trading. The Dow Jones index recovered somewhat and was down about 375 points shortly after 10 a.m. E.T. As America woke up to the news of the economic fallout following the UK’s vote, Wall Street girded itself for what could potentially be the biggest market-moving day since the 2008 global financial crisis… [_Read the rest of the story from our partners at NBC News_](http://www.nbcnews.com/storyline/brexit-referendum/brexit-backlash-dow-opens-down-more-520-points-markets-reel-n598286?cid=par-time-article%5F20141002 "undefined") ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/4381550/brexit-results-stock-market/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/4381550/brexit-results-stock-market/"},"headline":"Stock Market Plummets 500 Points After Brexit Vote","datePublished":"2016-06-24T14:07:56.000Z","dateModified":"2026-02-22T22:50:16.454Z","description":"It was the biggest drop in 10 months","url":"https://time.com/4381550/brexit-results-stock-market/","keywords":["stocks","Economy"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt820642f5f13f8da1/6988994d0a4a225d809ca395/dow-jones-brexit-reaction.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Lucy Bayly and Matthew Deluca / NBC News"}],"articleSection":"U.S.","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt820642f5f13f8da1/6988994d0a4a225d809ca395/dow-jones-brexit-reaction.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"EU Referendum - Signage And Symbols","caption":"In this photo illustration, the European Union and the Union flag sit together on bunting on March 17, 2016 in Knutsford, United Kingdom.","creditText":"Christopher Furlong/Getty Images","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/us/","name":"U.S."}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/stocks/","name":"stocks"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/4381550/brexit-results-stock-market/","name":"Stock Market Plummets 500 Points After Brexit Vote"}}]}] ```