For all the fear-mongering and concern about the “Brexit” being the end of the European markets, it seems that a lot of traders didn’t get the message.
Value investors have been pouring back into the markets over the last two days, snapping up undervalued stocks and driving the markets higher. The markets have gained back roughly half of the $3 trillion of value lost last week.
The Dow added 284 points on Wednesday as blue-chip stocks like Chevron Corp. (NYSE: CVX) and Boeing Co. (NYSE: BA) pushed the market higher. That said, the Brexit fallout hasn’t run its course just yet, no matter what investors may think.
What’s next for the markets after last week’s Brexit?
Let’s answer that question and recap all the key events from today’s session.
First up, check out the results for the Dow Jones, S&P 500, and Nasdaq:
Dow Jones: 17,694.68; +284.95;Â +1.64%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: 2,070.77; +34.68;Â +1.70%Â Â Â Â Â Â Â Â Â Â Â
Nasdaq: 4,779.25; +87.38;Â +1.86%
Now, here’s the top stock market news today… and your best ways to profit.
DJIA Today: Markets Recover Half of Brexit Losses Since Last Friday
Today, it was another big day for the markets in the wake of British voters’ decision to depart the European Union over the next two years. The two-day rally has been a stark reversal from the two trading sessions before it. The rally came despite news that a key index measuring home sales saw its first yearly decline since May 2015. The Pending Home Sales report by the
National Association of Realtors slipped 3.7% in May. That number is worrying to economists who believe that the housing market is experiencing a slowdown in the summer months.
