Dow Ends Day Up 284
S&P 500, Nasdaq also close higher
By Newser Editors and Wire Services
Posted Jun 29, 2016 3:16 PM CDT
Trader Greg Mulligan, right, works on the floor of the New York Stock Exchange, Wednesday, June 29, 2016.   (AP Photo/Richard Drew)

(Newser) – 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 AP reports. The gains over Tuesday and Wednesday erased more than half of the losses US 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%. 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%, to 17,694. The Standard & Poor's 500 index gained 34 points, or 1.7%, to 2,070. The Nasdaq composite climbed 87 points, or 1.9%, to 4,779.

 

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