U.S. stocks went into the close near the lows, European stocks were hammered, gold flew higher and currencies jumbled around like kids in a bounce house.
But there was one, somewhat-accepted financial asset that outperformed on the day: Bitcoin.
The cryptocurrency hit a recent high near $770 earlier this month, but has been plunging lower since June 16. On Thursday, it closed at $585 before rocketing higher Friday, up to $667. The $82 move represents a roughly 14% gain, as uncertainly flies through broker-wires and exchange floors.
Investors aren't really sure just yet what the implications are due to the U.K.'s decision to leave the European Union. One thing should be realized however, and that's that the final outcome won't be decided for quite some time, as both the U.K. and the E.U. now enter a period of negotiations.
The dollar continues higher, while the euro moves and pound plunges. But why the surge in Bitcoin? Like gold - which is far more secure and is up nearly 5% Friday - investors are likely looking at Bitcoin as a bit of a "safe haven" as the pound fluctuates and stock prices get hammered. It'll likely take a few days, or maybe even weeks, for investors to sort everything out.
Twitter (TWTR) - Get Report has launched a slew of new features over the past few weeks and months now that CEO Jack Dorsey is back at the helm. Although the changes have mostly been minor, the chief exec knows that it takes time to change users' views of the service.
As far as features go, Twitter will add a new location feature to its platform. With the help of Foursquare and Yelp (YELP) - Get Report, Twitter will now let users send their tweets tagged with a location.
The location tags will be more prominent in news feeds and Moments, according to TechCrunch. This could be important for Twitter, as it could help lead to improved user engagement and more accurate ad-targeting.
Shares of Twitter closed at $16.44 Friday, down 3.5%.
Remember Bloom Energy? Maybe not. But it's the energy company that had ambitions of using fuel cell technology to power homes big and small, as well as retailers, warehouses and tech companies.
Fuel cell technology takes a fuel (like natural gas) and oxygen, and runs it across reactive materials. The chemical reaction kicks out electricity as a result. The beauty of fuel cell-based electricity is that it can be produced on-site, as opposed to at a utility company miles and miles away.
Why does this matter? For one, you could argue that it's more reliable to have on-site energy. Two, it's more efficient, as up to 15% of electricity can be lost in the transportation from the plant to the end user.
While Bloom Energy's ambitions seem to have died down from residential use, it's found a home with corporate customers. The company says it has its fuel cells at more than 300 sites, including with companies like Apple (AAPL) - Get Report and Home Depot (HD) - Get Report .
The company's latest cells are more efficient and can produce more electricity than its previous models.
While this process still uses fossil fuels and isn't necessarily "green" in the traditional sense of wind and solar, it would seem it's a reasonable alternative.
This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.