DOW PLUNGE | Dow Jones down more than 460 points near noon

NEW YORK (AP) — The Down Jones Industrial on the New York Stock Exchange was down more than 460 points at 11:45 a.m. today due to the reaction of Great Britain voting to leave the European Union late Thursday night.

The S&P 500 is on pace for its biggest loss since January, down 48 points, or 2.3 percent, to 2,064. The Nasdaq composite dropped 134 points, or 2.7 percent, to 4,775.

Banks took the largest losses by far. Citigroup plummeted $3.61, or 8.1 percent, to $40.85 and Bank of America fell 79 cents, or 5.6 percent, to $13.25.

Technology stocks also took hefty losses. Microsoft fell $1.26, or 2.4 percent, to $50.65 and IBM gave up $5.71, or 3.7 percent, to $149.64.