Stocks Rally As Brexit Tensions Ease on Latest Poll
Wall Street is in rally mode Monday, erasing all of last week's losses, as investors applaud the latest opinion poll from the UK that indicate a majority of voters favor staying in the European Union.
Following the lead of European bourses, U.S. benchmark indices are all more than 1% higher with the Nasdaq Composite outperforming. Of the ten S&P 500 sectors, consumer discretionary shares are leading the advancers with a gain of 1.70% followed by industrials and financials. Only utilities are in the red as higher Treasury yields lure yield-hungry investors to the U.S. bond market.
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