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Weekly Comic: Dow, S&P hit record highs as stimulus hopes fuel post-‪‎Brexit rally

Investing.com -

Investing.com - U.S. stock markets rose again on Thursday, with the Dow & S&P 500 hitting all-time highs for the third straight day as their impressive post-Brexit recovery continued amid hopes of further monetary policy easing.

Wall Street shares have quickly recovered the losses triggered by Britain's surprise vote on June 23 to leave the European Union, amid expectations that central banks around the world will introduce fresh stimulus measures to counter the negative economic shock from the Brexit vote.

Concerns that Brexit could disrupt European economies have effectively taken a Federal Reserve rate hike off the agenda in the coming months, and boosted expectations of more monetary stimulus from central banks from Europe to Asia, boosting appetite for riskier assets.

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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.


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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