The painful news regarding Brexit has reverberated across countries. News of Britain voting to leave the EU has spread like wildfire. This will mean that there will be trade issues and financial decisions that have to be made.
The stock market has been getting the most hits from Brexit but it's the technology stocks that got hit pretty hard compared to the rest. Here is the round-up according to tech reports:
The biggest loser so far is Microsoft which fell more than 3%. Intel also dropped 3% while IBM fell 2%. Apple and Cisco followed closely behind with almost 2%. Investors are now experiencing anxiety as they gauge on Brexit's future after-shocks.
Bank stocks also suffered. Goldman Sachs was down 7%.
Those who didn't suffer were Johnson & Johnson and Verizon. They were up by 1%, Kroger at almost 4% and Dr Pepper Snapple Group at around 3%.
It is still a question as to how the European Union will move forward following Brexit. This will mean a lengthy discussion on trade and commerce between nations. It will also impact employment in each countries. It was employment that prompted the exit in the first place citing the increase in immigrant work force.
On the lighter side of news, HBO says Brexit is not going to impact the production of "Game of Thrones." The HBO television show has just finished its sixth season. Now, going on its last season - "Game of Thrones season 7," the show runners promised that Brexit will not hurt the show's production. The most-watched television show spends around $10 million per episode and has been filming all over Europe and across the pond. It was also reported that the show continues to receive funding from the UK, including from Northern Ireland Screen (NIS), which provides government support for local businesses.
NIS issued a statement on Friday saying the organization "does not use monies provided from European-funded programmes." The production also employs people from all over Europe.
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