The major US stock indexes rose modestly on Friday, for a fourth straight day of gains, helped by encouraging US manufacturing data. The S&P 500 tallied its best week since November, staging a strong rebound from its worst two-day decline in 10 months sparked by Britain's shock vote last week to leave the European Union.
The indexes have erased almost all their losses stemming from the "Brexit" vote. "Clearly, people have assessed that either, one, it's not a big deal, or, two, it’s not going to happen at all, and they’re positioning according to those views," said Walter Todd, chief investment officer at Greenwood Capital in Greenwood, South Carolina.
The Dow Jones industrial average rose 19.38 points, or 0.11 percent, to 17,949.37, the S&P 500 gained 4.09 points, or 0.19 percent, to 2,102.95 and the Nasdaq Composite added 19.90 points, or 0.41 percent, to 4,862.57.
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The indexes have erased almost all their losses stemming from the "Brexit" vote. "Clearly, people have assessed that either, one, it's not a big deal, or, two, it’s not going to happen at all, and they’re positioning according to those views," said Walter Todd, chief investment officer at Greenwood Capital in Greenwood, South Carolina. 
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