US stocks open lower; pound falls further

NEW YORK (AP) — Stocks are opening lower on Wall Street following bigger losses in Europe as investors continue to grapple with the fallout of Britain’s vote to leave the European Union.
The British pound continued to fall Monday as traders expected the British economy would take a hit.
The Dow Jones industrial average was down 178 points, or 1 percent, to 17,220.
The Standard & Poor’s 500 index lost 20 points, also 1 percent, to 2,017. The Nasdaq composite gave up 50 point