The Dow Jones Industrial Average rallied again on Thursday as investors shrugged away concerns about the Brexit. The Dow received another boost after Bank of England Governor Mark Carney hinted that the central bank may consider stimulus in the form of interest rate cuts.
First up, check out the results for the Dow Jones, S&P 500, and Nasdaq:
Dow Jones: 17,929.99; +235.31;Â +1.33%Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
S&P 500: 2,098.86; +28.09;Â +1.36%Â Â Â Â Â Â Â Â Â Â Â
Nasdaq: 4,842.67; +63.43;Â +1.33%
Now, here’s the top stock market news today… and your best ways to profit.
DJIA Today: Markets Shrug Off Brexit Worries, Oil Slumps on Supply Woes
Today, the Dow took off for another triple-digit gain. Markets expect central banks will do their best to prop up the European financial sector. The Dow Jones and the S&P 500 received their biggest boost today from General Electric Co. (NYSE: GE), which saw its stock increase 1.3%.
The company received a stock upgrade from Goldman Sachs Group Inc. (NYSE: GS) a day after its financial arm GE Capital was able to shed the moniker of “Too Big to Fail.” Meanwhile, shares of Apple Inc. (Nasdaq: AAPL) were up 1.1%, helping to push the Nasdaq up another 1% on the day.
The International Monetary Fund has offered a dire warning about the health of the world’s largest banking firm, Deutsche Bank AG (USA) (NYSE: DB). The global agency says that the German bank is the single riskiest financial institution to the health of the international economic system. The announcement came not long after the U.S. Federal Reserve released its stress test results. The Fed also authorized stock buyback plans for 31 of 33 banks. The only two not to receive approval from the central bank: Banco Santander SA (NYSE ADR: SAN) and Deutsche Bank.
