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U.S. stocks leaped Thursday in their third-straight day of recovery from the post-Brexit selloff.
The Dow Jones Industrials shot ahead 235.51 points, or 1.3%, to 17,929.99, with General Electric leading advancers and Visa the only decliner.
The Dow gained nearly 300 points on Wednesday and had recovered about 80% of its post-Brexit losses intraday Thursday.
The S&P 500 strengthened 28.09 points, or 1.4%., at 2,098.86, led higher by consumer staples. Staples gained about 2% as Hershey shares surged more than 10% amid talks of a possible takeover bid from Mondelez.
However, Hershey's board unanimously rejected Mondelez's offer Thursday afternoon.
The NASDAQ Composite Index hiked 63.43 points, or 1.3%, to 4,842.67, as Apple advanced 1%.
Stock markets in the States will be shuttered Monday for Independence Day.
In corporate news, film studio Lions Gate said it would buy Starz for $4.4 billion U.S. in a cash-and-stock deal.
On the data front, weekly jobless claims came in at 268,000, slightly above the expected 267,000. The Chicago Purchasing Managers’ Index reading for June came in at 56.8, well above a May reading of 49.3.
Prices for the 10-year Treasury were higher, weighing yields to 1.48% from Wednesday’s 1.51%. Treasury prices and yields move in opposite directions.
Oil prices swooned $1.53 a barrel to $48.35 U.S.
Gold prices shaved off three dollars to $1,323.90 U.S. an ounce.
