Newspaper article St Louis Post-Dispatch (MO)

US Stocks Claw Back Half of Ground Lost Post-British Vote

Newspaper article St Louis Post-Dispatch (MO)

US Stocks Claw Back Half of Ground Lost Post-British Vote

Article excerpt

Banks and other financial companies led another broad surge in U.S. stocks Wednesday, turning the Dow Jones industrial average and the Standard & Poor's 500 index slightly positive for the year.

It was the second rally in two days for the stock market, which had been rattled since Friday by investor concerns over Britain's vote to leave the European Union.

Those worries eased Wednesday as traders shifted money back into stocks. The gains over Tuesday and Wednesday erased more than half of the losses U.S. markets suffered in the two-day slide that kicked off on Friday.

Britain's stock market has recouped all its losses in the same stretch, but other major markets in Europe and Asia have yet to bounce back fully.

Markets in France, Germany, Japan and Hong Kong have gotten back about half the ground they lost; Brazil's has recouped about three- quarters. …

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