US STOCKS-Wall St rallies for 3rd day as Brexit bruises fade

jueves 30 de junio de 2016 16:22 GYT

* Bank of England's Carney sees need for summer stimulus

* Consumer staples lead; Hershey jumps on Mondelez bid

* Indexes up: Dow 1.33 pct, S&P 1.36 pct, Nasdaq 1.33 pct (Updates with close of U.S. markets)

By Lewis Krauskopf

June 30 (Reuters) - Wall Street rolled to a third straight day of gains on Thursday as Britain's central bank raised the prospect of stimulus and consumer staples shares gained on news of Mondelez International's $23 billion bid for Hershey.

The major U.S. indexes each closed up more than 1 percent, tallying their best three-day run in four months. They have erased the bulk of their losses in the wake of Britain's shock vote a week ago to leave the European Union that had set off the worst two-day decline for Wall Street in 10 months.

In the wake of the referendum, Bank of England Governor Mark Carney said on Thursday that the central bank would probably need to pump more stimulus into Britain's economy over the summer.

"We're reversing the 'Brexit' as it becomes evident that it was more of a political vote and decision than an economic decision," said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.

Stocks also might be benefiting as portfolio managers adjust their holdings at the end of the quarter, Hellwig said.   Continuación...