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The S&P 500 turned negative for the year-to-date on Friday as Wall Street suffered its largest selloff in 10 months after Britain's decision to leave the European Union caught traders wrong-footed. In the busiest trading volume for a single session in nearly five years, financial stocks led the decline on the S&P 500 with a 5.4 percent drop -the largest for the sector since November 2011. The S&P 500 lost all the year's gains and suffered its largest decline since late August last year.
Basketball fanatic Barack Obama named legendary center Shaquille O'Neal as sports envoy to Cuba on Friday, in a new sign of thawing ties between Washington and Havana. When the imposing seven-foot one-inch player was dominating courts for the Orlando Magic and Miami Heat in Florida he was just a short hop from the island state. The United States and Cuba finally restored ties last year and officials from both countries are gingerly negotiating a new relationship, even as parts of the embargo fall away.