DJIA Today: Brexit Worries Subside, Energy Stocks Rally on Market Optimism
Dow Jones: 17,804.87; +129.71; 0.73%
S&P 500: 2,083.25; +12.03; 0.58%
Nasdaq: 4,837.21; +36.88; 0.77%
The "exit" campaign of the Brexit debate has lost momentum in the wake of Parliament member Jo Cox's death last week. A number of new polls indicate that a majority of voters now favor the UK staying in the European Union, which is the world's largest economic bloc.
Asia markets mixed; Nikkei down 0.5 pct, Kospi down 0.3 pct, ASX up 0.4 pct
Asia markets took a breather on Tuesday, with major indexes in Japan and South Korea dropping at the open, following Monday's global rally on easing Brexit concerns and gains in oil prices.
The benchmark Nikkei 225 dropped as much as 1.13 percent in early trade, before paring some losses to trade down 0.46 percent.
Japanese stocks were under pressure from renewed strength in the yen. The currency, which is considered a safe-haven asset, traded at 103.62 against the dollar at 8:13 a.m. HK/SIN, compared to levels near 104.69 on Monday afternoon local time.
Reference: Money Morning, CNBC
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