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

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


The British pound edged up against the dollar following its plunge to 31-year lows after the British vote last week. On Wall Street, financial companies, which had taken the brunt of the selling after the British "leave" vote, rose 2.3 percent. Several oil and gas production and transportation companies also notched gains as the price of crude oil rose sharply. Stocks and oil fell, as did the pound, while bonds and gold rose thanks to their perceived status as safe havens. Markets in France, Germany, Japan and Hong Kong have gotten back about half the ground they lost; Brazil's has recouped about three-quarters.


Source: ABC News June 29, 2016 14:32 UTC



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