U.S. stock benchmarks on Wednesday finished firmly higher, with the S&P 500 and the Nasdaq registering their third straight gains, amid a grounded by the U.S. of Boeing Co. 737 Max jets, and a closely followed Brexit vote.
The Dow Jones Industrial Average gained 148 points, or 0.6%, to reach 25,702. the S&P 500 index advanced 0.7% to 2,811, finishing above the psychologically significantly level at 2,800 for the first time since March 1, according to FactSet data. Meanwhile, the Nasdaq Composite Index climbed 0.7% to 7,643, all values are rounded and on a preliminary basis.
President Trump on Wednesday told reporters in the White House that the Federal Aviation Administration would ground Boeing Co.'s fleet of 737 MAX airliners effectively immediately, after a wave of similar groundings that took place by regulatory bodies and air carriers outside of the U.S.
Source : MarketWatch