US STOCKS-Wall St opens higher as Brexit grip loosens

miércoles 29 de junio de 2016 10:05 GYT
 

* U.S. consumer spending up 0.4 pct in May

* Bank stocks rise for second day

* Indexes up: Dow 0.82 pct, S&P 0.92 pct, Nasdaq 1.04 pct (Updates to open)

By Yashaswini Swamynathan

June 29 (Reuters) - Wall Street opened sharply higher for the second day on Wednesday as the initial panic surrounding Britain's vote to leave the European Union settled and investors looked for bargains among beaten-down stocks.

The "Brexit" verdict on Friday sent shockwaves through global markets, wiping out about $3 trillion in a two-day selloff.

The S&P financial stocks index, which was hit the most since the referendum - was up 1.27 percent, making it the biggest percentage gainer among the 10 major sectors.

Bank of America and JPMorgan were among the top influences on the S&P, while Goldman Sachs' provided the biggest boost to the Dow.

Adding to the upbeat sentiment, data showed U.S. consumer spending, which accounts for more than two-thirds of economic activity, increased 0.4 percent in May.   Continuación...