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June 24, 2016

Stocks jump as Brits go to polls

NEW YORK (AP) — U.S. stocks made their biggest gain in a month Thursday as investors grew more optimistic that Britons will vote to stay in the European Union. Investors bought stocks and sold bonds, sending bond yields and banks higher.

On the last trading day before results from the British referendum, stocks continued to rise as investors grew more confident Britain won't leave the union. Bank stocks did the best, while materials companies also rose. The price of oil topped $50 a barrel. Utility companies, which are generally seen as a safe investment, lagged the market as investors took a few more risks.


 
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