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Worst day in 10 months as Wall Street reacts to 'Brexit'


The S&P 500 turned negative for the year-to-date on Friday as Wall Street suffered its largest selloff in 10 months after Britain's decision to leave the EU caught traders wrong-footed.

In the busiest trading volume for a single session in nearly five years, financial stocks led the decline on the S&P 500 with a 5.4% drop -the largest for the sector since November 2011.

The S&P 500 lost all the year's gains and suffered its largest decline since late August last year.

Equity futures neared an 11-month high to start the overnight session as markets wrongly bet that the "Remain" camp would prevail in Britain's referendum, but sold off sharply as the results showed otherwise - even triggering a market stop put in place to curtail volatility.

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