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

(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.

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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.)

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