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Post by bot on Jun 29, 2016 17:56:01 GMT -5
U.S. stocks rise for second session as Brexit takes backseat to oil rally
U.S. stocks extended gains for a second session on Wednesday as a rally in crude oil upstaged Brexit worries, pushing key indexes back toward levels prior to the U.K. vote to leave the European Union. August West Texas Intermediate crude jumped 4.2% to $49.88 a barrel as data showed a continued decline in supplies. The S&P 500 added 35 points, or 1.7%, to close at 2,071 and the Dow Jones Industrial Average gained 284 points, or 1.6%, to finish at 17,693. The Nasdaq rose 87 points, or 1.9% to close at 4,779.
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