Friday, 17 June 2016

Wall Street Rebounds, Snaps five-day losing Streak

Wall Street closed higher on Thursday as investors digested the implications of a British lawmaker's death on the country's impending referendum on whether to leave the European Union. 

The benchmark S&P 500 index snapped a five-day losing streak, after erasing sharp losses earlier in the session. A British Member of Parliament was shot dead in the street in northern England, causing the temporary suspension of campaigning for next week's referendum on EU membership. 

The lawmaker, Jo Cox, had been a vocal supporter of Britain remaining in the European Union. The prospect of Britain's voting to leave in the June 23 referendum has been rattling markets.

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