US stocks recover as Brexit worries ease

US stocks recover as Brexit worries ease

New York, June 30 (IANS) US stocks traded higher as global markets continued to rebound from previous sharp losses after Britain’s vote to leave the European Union (EU).

The Dow Jones Industrial Average on Wednesday jumped 209.56 points, or 1.20 per cent, to 17,619.28, Xinhua news agency reported.

The S&P 500 rose 26.66 points, or 1.31 per cent, to 2,062.75. The Nasdaq Composite Index surged 69.26 points, or 1.48 per cent, to 4,761.13.

US stocks closed more than 1.5 per cent higher on Tuesday, as Wall Street saw an opportunity to buy following two-day sharp selloff after Britain’s vote to leave the European Union (EU).

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