US STOCKS-Wall St bets on Britain staying in EU; stocks rally

jueves 23 de junio de 2016 16:32 GYT
 

* Financial shares lead S&P 500

* Dow industrials close at highest since April 27

* Twilio Inc nearly doubles in welcome return of tech IPOs

* Indexes up: Dow 1.3 pct, S&P 1.3 pct, Nasdaq 1.6 pct (Updates to close)

By Rodrigo Campos

June 23 (Reuters) - U.S. stocks rallied on Thursday, led by bank shares, as Wall Street bet strongly that Britain is voting to remain part of the European Union, potentially avoiding a hit to European trade and its consequences to global economic growth.

There are no exit polls for the referendum, for which polls close at 5 p.m. EDT (2100 GMT). Although bookmakers give the remain camp a more than 80-percent chance of victory, recent polls continued to show the decision as too close to call.

The British pound rallied against the U.S. dollar, brushing $1.50 to hit its highest since late December. It was recently up 1.22 percent at $1.4882.

"People are expecting that Britain is going to vote to stay in the EU based on what's happening here, particularly with the fact that financials are leading," said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois.   Continuación...