Markets Right Now: US stocks move broadly higher

AP News
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Posted: Jun 29, 2016 11:51 AM

NEW YORK (AP) — The latest on developments in global financial markets (all times local):

11:45 a.m.

Stocks are moving broadly higher on Wall Street as global markets continue to recover following Britain's vote to make a break with the European Union.

Banks, materials stocks and energy companies all posted gains in midday trading Wednesday.

Chevron gained 2.5 percent, the most in the Dow Jones industrial average.

European markets also posted solid gains and the pound edged up against the dollar following its plunge after the British vote last week.

The Dow was up 208 points, or 1.27 percent, to 17,617.

The Standard & Poor's 500 index gained 26 points, or 1.3 percent, to 2,062. The Nasdaq composite climbed 70 points, or 1.5 percent, to 4,762.

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9:35 a.m.

Stocks are opening broadly higher on Wall Street as global markets continue to recover following Britain's vote to make a break with the European Union.

Banks, materials stocks and energy companies all posted gains in early trading Wednesday. General Electric was up 2 percent, the most in the Dow Jones industrial average.

European markets also posted solid gains and the pound edged up against the dollar following its plunge after the British vote last week.

The Dow was up 121 points, or 0.7 percent, to 17,525.

The Standard & Poor's 500 index gained 15 points, or 0.8 percent, to 2,052. The Nasdaq composite climbed 42 points, or 0.9 percent, to 4,735.