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Stocks Rally As Brexit Tensions Ease on Latest Poll

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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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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