U.S. Stocks Rally as Investors Bet on ‘Stay’ Win in Brexit Vote

Pound touches 2016 high as the Brits head to vote

by Ellie Ismailidou and Sara Sjolin
Market Watch

U.S. stocks rose on Thursday as investors wager that the U.K. will vote to remain in the European Union in a closely watched referendum.

A fall in U.S. jobless claims to an eight-week low, indicating strength in the labor market, also boosted sentiment.

The S&P 500 index rose 15 points, or 0.7%, regaining the psychologically important 2,100 level, with nine of its 10 sectors in positive territory. Financial and materials stocks were leading the gains, up 1.4% and 1.2% respectively. Utilities were in negative territory, down 0.2%.

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