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Wall Street Rebounds from Brexit with Second day of Big Gains
Wall Street recorded big gains for a second day on Wednesday as investors continued to scour for bargains and digest the fallout from Britain's stunning vote to leave the European Union.
The S&P 500 has recouped more than half of its losses from the two-day equities rout sparked by the British referendum, which had erased USD 3 trillion in value from global equity markets, according to S&P Dow Jones Indices.
The S&P financial sector .SPSY, which was beaten up in the wake of the vote, gained 2.3 percent, leading all sectors. Energy shares .SPNY jumped 2 percent, supported by higher oil prices. All 10 industry groups closed higher.
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