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Stock Market Aug 2016 - "Stock Market: Brexit Fallout Lingers"

Stock Market Aug 2016 - "Stock Market: Brexit Fallout Lingers"

Stock Market Aug 2016 - "Stock Market: Brexit Fallout Lingers"

Excerpt


Stock Market: Brexit Fallout Lingers



As we approached the end of July, the stock market rallied following several weeks of volatility as markets here tried to adjust to Britain’s decision to leave the European Union. The Standard and Poor’s 500 index rose to reach a record high on July 24, posting a fourth straight week of gains; a 6.4 percent gain for the year-to-date and a solid 4.6 percent gain over a 12-month period. By the end of the third week of July, the Dow Jones Index was up 53.62, marking a year-to-date increase of 6.6 percent and a 5.7 percent gain over this time last year. NASDAQ also closed up for a year-to-date increase of 1.85 percent and a 0.23 percent gain over 12 months.


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