U.S. stocks closed sharply higher Tuesday, snapping a two-day slump triggered by Britain’s vote to leave the European Union. The rally on Wall Street followed even bigger gains in European stock markets. Energy stocks rose along with the price of crude oil. Bank stocks, which had some of the biggest losses since the vote, also rose.
The Dow Jones industrial average climbed 269.48 points, or 1.6 per cent, to 17,409.72.
The Standard & Poor’s 500 gained 35.55 points, or 1.8 per cent, to 2,036.09.
The Nasdaq composite added 97.42 points, or 2.1 per cent, to 4,691.87.
For the week:
The Dow is up 8.97 points, or 0.1 per cent.
The S&P 500 is down 1.32 points, or 0.1 per cent.
The Nasdaq is down 16.11 points, or 0.3 per cent.
For the year:
The Dow is down 15.31 points, or 0.1 per cent.
The S&P 500 is down 7.85 points, or 0.4 per cent.
The Nasdaq is down 315.54 points, or 6.3 per cent.