• News Desk

EASING 'BREXIT' FEARS STOKE GLOBAL STOCK RALLY


Stocks jumped Monday on Wall Street, building on a massive rally that began abroad, as investors reacted to fresh polls that show the "Remain" camp is gaining momentum in the "Brexit" vote, a shift in sentiment that boosts odds and raised hopes that Britain will stay in the European Union.The Dow Jones industrial average, which had been up 271 points early, closed up 130 points, or 0.7%, at 17,805. The broader Standard & Poor's 500 stock index gained 0.6% and the Nasdaq composite added 0.8%.The new polls have boosted investment sentiment, which is shifting away from the risk aversion that marked last week's trading, when investors fearing a UK vote this Thursday to leave the EU sold assets that would be hurt most by the uncertainty and economic downside of a Brexit, such as stocks, commodities, and the British pound and banks.

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