U.S. stocks echo strong gains in global markets
Data on economy, housing market puts traders in buying mood.
“Brexit” vote could bring long-term financial fallout for some companies.
S&P 500 falls 3.6%; Nasdaq composite index drops 4.12%.
Stock markets, oil prices crash; pound hits lowest level in three decades.
Pension, acquisition items drag company to quarterly loss.
NEW YORK — U.S. stocks rose sharply on Monday as investors grew more hopeful that Britain will remain in the European Union, letting go of fears that have pulled stocks down in the last two weeks. Asian stocks traded higher and indexes
Darker scenarios for the global economy are being discussed by economists as they try to gauge the risks of Thursday’s referendum on the European Union.
NEW YORK — Stocks in the U.S. staged a late afternoon rally to close moderately higher on Thursday, ending a five-day losing streak. The Dow Jones industrial average rose 92.93 points, or 0.5 percent, to 17,733.10. It had been down more than