New York - U.S. stocks fell sharply in early trading Monday following another slide in European markets as investors grappled with the fallout of Britain’s vote to leave the European Union.

The British pound, which last week plunged to its lowest level since 1985, continued to fall as traders expected the British economy would take a hit.

The Dow Jones industrial average lost 234 points, or 1.4 percent, to 17,165 as of 10:05 a.m. Eastern Time. The Standard & Poor’s 500 index slid 29 points, or 1.5 percent, to 2,007. The Nasdaq composite fell 76 points, or 1.6 percent, to 4,631.

The latest decline followed the market’s plunge on Friday, when the Dow and S&P 500 clocked their biggest losses since August, and the Nasdaq notched its worst day since August 2011. Despite the losses, the market is still well above the lows it reached in February, when the S&P 500 closed as low as 1,829.... Read More: VIN