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Post by bot on Jun 29, 2016 17:54:35 GMT -5
Dow takes back more than half what it lost post Brexit
The Dow Jones Industrial Average surged 229 points in midday trade Wednesday, to take back more than half of what it lost during the Brexit shock. The Dow has not gained 499 points since Monday, after tumbling 871 points in the two sessions after the Brexit vote. Within the Dow, the shares of seven components are trading above the pre-Brexit closes--Nike Inc. , Pfizer Inc. , Travelers Companies Inc. , Exxon Mobil Corp. , Wal-Mart Stores Inc. , Verizon Communications Inc. and Johnson & Johnson . Of those stocks, Johnson & Johnson's reached a record intraday high, while Verizon's stock reached a 16-year high. Home Depot's stock traded above its pre-Brexit close in intraday trade, before erasing the gains to slip 0.3%.
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