FTSE 100 erases post-Brexit losses as buying bonanza fuels rebound

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Posted by Common Sense
6/30/2016 12:54 pm 		#1

FTSE 100 erases post-Brexit losses as buying bonanza fuels rebound

http://www.telegraph.co.uk/business/2016/06/29/ftse-set-to-open-higher-as-post-brexit-rally-gains-momentum/

A buying bonanza fuelled the FTSE 100’s remarkable rebound, erasing all of its post-Brexit losses in just two days.London’s benchmark index enjoyed its best day in almost five years, soaring 219.67 points, or 3.58pc, to a two-month high of 6,360.06.

The rebound follows an 8.7pc plunge in the immediate aftermath of the Brexit vote. The blue chip index now trading up 0.5pc since the referendum outcome was announced.As the dust settled on trading floors worldwide, following the worst two-day rout in history, investors sifted the Brexit wreckage for bargains. Hopes of more monetary stimulus also lifted stock markets from the doldrums.
 

 “We hold these truths to be self-evident,”  former vice president Biden said during a campaign event in Texas on Monday. "All men and women created by — you know, you know, the thing.”

 
 
Posted by Common Sense
6/30/2016 12:58 pm 		#2

Wall Street rebounds from Brexit with second day of big gains
Wed Jun 29, 2016 4:25pm EDT

http://www.reuters.com/article/us-usa-stocks-idUSKCN0ZF186

The Dow Jones industrial average .DJI rose 284.96 points, or 1.64 percent, to 17,694.68, the S&P 500 .SPX gained 34.68 points, or 1.7 percent, to 2,070.77 and the Nasdaq Composite .IXIC added 87.38 points, or 1.86 percent, to 4,779.25.The gains marked the biggest two-day run for the S&P 500 in four months.
 

Last edited by Common Sense (6/30/2016 12:58 pm)

 “We hold these truths to be self-evident,”  former vice president Biden said during a campaign event in Texas on Monday. "All men and women created by — you know, you know, the thing.”

 
 
Posted by Common Sense
6/30/2016 12:59 pm 		#3

Looking good today!
Dow Jones Industrial Average
Jun 30, 1:59 PM EDT
17,879.45     + 184.77 (1.04%)

Last edited by Common Sense (6/30/2016 1:00 pm)

 “We hold these truths to be self-evident,”  former vice president Biden said during a campaign event in Texas on Monday. "All men and women created by — you know, you know, the thing.”

 
 


 
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