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Stock market plunges, but 'Brexit' unlikely to spark a U.S. recession

Stock market plunges, but 'Brexit' unlikely to spark a U.S. recession

The Dow Jones industrial average plummeted 610 points, or about 3.4%, on Friday as global stock, currency and other markets convulsed in response to Britain’s surprising vote to leave the European Union.

The so-called Brexit shouldn’t lead to a recession in the U.S., experts said.

Still, the turmoil caused by the referendum wasn’t good news for the struggling U.S. economy. It marked another in a seemingly unending series of foreign and domestic crises in recent years that have slowed the recovery from the Great Recession.

Plunging stocks certainly won’t bolster the confidence of U.S. consumers, whose spending accounts for about...

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