NEW YORK, N.Y. – The latest on developments in global financial markets (all times local):
4:00 p.m.
Stocks closed broadly higher on Wall Street for a second day as worries continued to ease over Britain’s vote to leave the European Union.
The gains over Tuesday and Wednesday erased more than half of the losses U.S. markets suffered in the fallout from last week’s vote.
Banks, which had taken the brunt of the selling, rose more than the rest of the market Wednesday. Citigroup jumped 4 per cent.
European markets also posted solid gains and the pound edged up against the dollar following its plunge after the British vote last week.
The Dow Jones industrial average rose 284 points, or 1.6 per cent, to 17,694.
The Standard & Poor’s 500 index gained 34 points, or 1.7 per cent, to 2,070. The Nasdaq composite climbed 87 points, or 1.9 per cent, to 4,779.
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11:45 a.m.
Stocks are moving broadly higher on Wall Street as global markets continue to recover following Britain’s vote to make a break with the European Union.
Banks, materials stocks and energy companies all posted gains in midday trading Wednesday.
Chevron gained 2.5 per cent, the most in the Dow Jones industrial average.
European markets also posted solid gains and the pound edged up against the dollar following its plunge after the British vote last week.
The Dow was up 208 points, or 1.27 per cent, to 17,617.
The Standard & Poor’s 500 index gained 26 points, or 1.3 per cent, to 2,062. The Nasdaq composite climbed 70 points, or 1.5 per cent, to 4,762.
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9:35 a.m.
Stocks are opening broadly higher on Wall Street as global markets continue to recover following Britain’s vote to make a break with the European Union.
Banks, materials stocks and energy companies all posted gains in early trading Wednesday. General Electric was up 2 per cent, the most in the Dow Jones industrial average.
European markets also posted solid gains and the pound edged up against the dollar following its plunge after the British vote last week.
The Dow was up 121 points, or 0.7 per cent, to 17,525.
The Standard & Poor’s 500 index gained 15 points, or 0.8 per cent, to 2,052. The Nasdaq composite climbed 42 points, or 0.9 per cent, to 4,735.
