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.For Free Trial & Join Services For All Segment Click Here
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