What Brexit Means for U.S. Investors

Don't make snap decisions about your portfolio. Brexit may just be a speed bump, not a brick wall, for a bull market that refuses to die.

(Image credit: Nerthuz)

The United Kingdom’s break from the European Union will usher in a period of uncertainty and volatility for U.S. investors as the ripple effects of “Brexit” make their way across the pond. News of the break—all the more jarring because global markets rallied sharply on the day of the vote on the assumption that the U.K. would stay—sent markets reeling once the outcome became clear. The Dow Jones industrial average plunged 610 points, or 3.4% on June 24, to close at 17,401. Standard & Poor’s 500-stock index sank 3.6%, and the Nasdaq Composite index tumbled 4.1%.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Anne Kates Smith
Executive Editor, Kiplinger's Personal Finance

Anne Kates Smith brings Wall Street to Main Street, with decades of experience covering investments and personal finance for real people trying to navigate fast-changing markets, preserve financial security or plan for the future. She oversees the magazine's investing coverage,  authors Kiplinger’s biannual stock-market outlooks and writes the "Your Mind and Your Money" column, a take on behavioral finance and how investors can get out of their own way. Smith began her journalism career as a writer and columnist for USA Today. Prior to joining Kiplinger, she was a senior editor at U.S. News & World Report and a contributing columnist for TheStreet. Smith is a graduate of St. John's College in Annapolis, Md., the third-oldest college in America.