The Brexit Fallout

The big news this morning is that the U.K. has voted to leave the European Union, a move informally known as Brexit. The markets, it is safe to say, are not happy with this decision. The S&P 500 and the Dow Jones industrial average both opened trading down more than 2 percent this morning.

But that's nothing compared to the world markets. Here's a peek:

• London's benchmark FTSE 100 was down 8 percent
• The Stoxx Europe 600 was down 8 percent
• The British pound lost 11 percent of its value
• Italy's stock market was down 11 percent
• Spain's stock market was down 11 percent
• Greece's stock market was down 13 percent