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Irish stock market is down by 2pc after S&P 500 falls 1pc

Irish stocks fell sharply after the S&amps stocks index fell 1pc in early trading on Friday morning.

It was the second straight day the index fell as investors were worried about Brexit negotiations, the Brexit vote and uncertainty over the future of the EU.

S&am futures closed down 1.5pc at €18.70, or 0.6pc lower than the record low for the benchmark S&ams.

The Nasdaq composite dropped 0.8pc to 4,928.80, while the Dow Jones Industrial Average fell 0.4pc to 16,079.90.

The DAX index of England’s 10 biggest companies fell 0,4pc, or 1.6 per cent, to 479.24.

In London, the SMA index of UK companies fell 2.1pc, to 1,906.75, while British stocks were also weighed down by the Brexit debate.

The FTSE 100 index of British shares fell 2pc to 7,895.60, while Germany’s DAX fell 1.3pc to 2,869.70.

The US S&p 500 index lost 0.2pc to 3,093.90, while US stocks were weighed down even further by fears of a trade war. 

Source: Reuters