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U.S. stocks open higher on last trading day of Q2

Xinhua, June 30, 2016 Adjust font size:

U.S. stocks opened slightly higher on Thursday, the last trading day of the second quarter, as investors shifted their focus from Brexit and the markets stabilized after a two-day rally.

Shortly after the opening bell, the Dow Jones Industrial Average ticked up 23.90 points, or 0.14 percent, to 17,718.58. The S&P 500 rose 2.86 points, or 0.96 percent, to 2,073.63. The Nasdaq Composite Index gained 7.71 points, or 0.16 percent, to 4,786.96.

The Leave camp won Britain's Brexit referendum last week by obtaining nearly 52 percent of ballots, possibly putting the country on its way to pulling out of the 28-nation European Union (EU) after its 43-year membership.

Markets showed a sign of recovery Tuesday across the globe after some 3 trillion U.S. dollars in market capitalization was wiped off in the post-Brexit plunge.

Britain's benchmark FTSE 100 Index has recovered to pre-referendum levels Wednesday.

U.S. stocks closed more than 1.5 percent higher Wednesday, helped by gains in oil prices, as global markets continued to rebound from previous sharp losses after Britain's vote to leave the European Union (EU).

Analysts said fears receded that the stunning referendum results could send global markets on a wild descent.

On the economic front, in the week ending June 25, the advance figure for seasonally adjusted initial claims in the United States was 268,000, an increase of 1,000 from the previous week's revised level, the Labor Department said Thursday. Endi