Just as in Europe also perked Wall Street when “brexit effect” leveled off. The two dark trading days (Friday and Monday) after the British referendum swept according to US estimates away huge stock market values from the global financial market – and now took the investors to buy cheap.
Bank shares were among the most attractive items. Large banks such as Citigroup and Bank of America rose 5.2 and 4.4 percent.
Analysts, however, have little hope that the market has now stabilized. “This summer will not be the quiet period that we are used to” track Eric Wiegand, senior analyst at US bank in New York.
The Dow Jones industrial index rose 1.6 percent, the Nasdaq composite index rose 2.1 percent while the S & amp; P 500 rose 1.8 percent.