Following Brexit vote, Missouri public companies suffer losses

The Dow Jones Industrial Average plunged more than 600 points by late Friday on the United Kingdom’s vote to leave the European Union, taking with it public companies located throughout the state.

The ripple effects from the Brexit vote rattled 22 Kansas City-based companies and 10 St. Louis-based companies. As of Friday afternoon, the biggest losers included:

Kansas City

  • Euronet Worldwide Inc. (NASDAQ: EEFT) — down 9.2 percent
  • YRC Worldwide (NASDAQ: YRCW) — down 8.5 percent
  • Waddell & Reed Financial Inc. (NYSE: WDR) — down 6.6 percent
  • Garmin Ltd. (Nasdaq: GRMN) — down 5.4 percent
  • UMB Financial Corp. (Nasdaq: UMBF) — down 4.9 percent
  • DST Systems Inc. (NYSE: DST) — down 4.6 percent
  • Commerce Bancshares Inc. (Nasdaq: CBSH) — down 4.6 percent
  • Kansas City Southern Railway Co. (NYSE: KSU) — down 4.5 percent

St. Louis

  • Belden Inc. (NYSE: BDC) – down 11 percent
  • Stifel Financial Corp. (NYSE: SF) – down 10 percent
  • Olin Corp. (NYSE: OLN) – down nearly 8 percent
  • SunEdison Semiconductor (Nasdaq: SEMI) – down 7 percent
  • Aegion Corp. (Nasdaq: AEGN) – down 7 percent
  • Anheuser-Busch InBev (NYSE: BUD) – down 5.7 percent
  • Emerson (NYSE: EMR) – down 5 percent
  • Reinsurance Group of America (NYSE: RGA) – down 5 percent
  • Monsanto (NYSE: MON) – down 4 percent

The complex process for Britain to the leave the EU will likely take two years to complete. While trade rules will stay the same, companies must brace for impact until then.

Read more: St. Louis Business Journal, Kansas City Business Journal, Kansas City Star


Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students