Wall Street Rebounds After Brexit Shock
June 28, 2016
Wall Street bounced back Tuesday, recouping some recent losses, as investors sought cheap assets after a two-day equities rout sparked by Britain’s decision to leave the European Union.
U.S. indexes joined stock markets around the world in the rebound after global equity markets had shed $3 trillion in value in the two days following Britain’s shock vote, according to the S&P and Dow Jones indices. Investors also pointed to solid U.S. economic data as helping to stabilize stocks.