After early surprises in the UK’s EU referendum, US stock futures have turned negative.
Near 9:05 p.m. ET, S&P 500 futures were down by as much as 16 points to below 2,090 on Thursday evening after having moved higher earlier tonight following surprising results from Newcastle and Sunderland.
On Thursday, the S&P 500 closed at 2,113 in New York.
Here’s Business Insider UK’s live blog of the vote:
“In Newcastle, 65,404 people voted to remain in the EU, while 63,598 voted to leave, a split of 50.7% to 49.3%. That is a substantially lower than expected gap for the Remain camp. Turnout was 68%.
“Sunderland has voted to leave the EU by a huge margin. 82,394 people in the area voted to leave, compared to just 51,930. That is a much bigger gap than expected.”
After these results, the British pound got clobbered, falling by as much as 3% against the US dollar to around $1.45 after having moved above $1.50 earlier this evening.
Below is the latest chart of S&P 500 futures. Obviously, more to come.
As reported by Business Insider