(CNBC) U.S. stocks traded sharply lower Friday in a global risk-off trade after Britain surprised markets by voting to leave the European Union.
U.S. crude oil futures settled down $2.47, or 4.93 percent, at $47.64 a barrel.
The S&P 500 and Dow Jones industrial average erased year-to-date gains and joined the Nasdaq composite in negative territory for 2016.
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The S&P 500 traded more than 3 percent lower to below 2,050 afternoon trade. Financials dipped more than 5 percent as the greatest laggard. Goldman Sachs had the greatest negative impact on the Dow Jones industrial average, which briefly fell 650 points in afternoon trade.