X

US Stocks Extend Rally to a 3rd Day

Traders are feeling less anxious about Brexit
By Newser Editors and Wire Services
Posted Jun 30, 2016 3:26 PM CDT
US Stocks Extend Rally to a 3rd Day
Stocks rose for the third straight day Thursday.   (AP Photo/Richard Drew)

(Newser) – US stocks closed higher, extending a rally into a third day as traders feel less anxious about Britain's vote last week to leave the EU, the AP reports. Consumer goods makers and utilities were the biggest risers Thursday. And bank stocks rose after getting clearance from the Federal Reserve to raise their dividends. Cable channel Starz jumped 6% after agreeing to be acquired by Lions Gate Entertainment, which owns Orange Is The New Black.

story continues below

The Dow Jones industrial average rose 235 points, or 1.3%, to 17,929. The Standard & Poor's 500 index gained 28 points, or 1.4%, to 2,098. The Nasdaq composite climbed 63 points, or 1.3%, to 4,842. Bond prices rose. The yield on the 10-year Treasury note fell to 1.48%. (Read more stock market stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X