US STOCKS-Wall St rallies as Brexit seen less likely

lunes 20 de junio de 2016 15:33 GYT

* ADRs jump after Walmart deal

* Broad rally as fear over Brexit subsides

* Energy leads gains on the S&P 500

* Indexes up Dow 1 pct, S&P 0.9 pct, Nasdaq 1.1 pct

By Rodrigo Campos

NEW YORK, June 20 (Reuters) - Wall Street rose on Monday in a relief rally after indications that British voters later this week will choose to remain in the European Union.

The day's gains erased most of last week's decline, which came partly on worries of what a British exit from the EU would mean for the global economy and trade. The vote on whether to stay is scheduled for Thursday.

The most recent polls showed a change in momentum favoring the 'remain' camp just days away from the vote.

"The market is positioning for a 'remain' vote, so you see the fear and uncertainty trade unwinding right now," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey.   Continuación...