Stocks are moving higher on Wall Street as traders feel less anxious about Britain’s vote last week to leave the European Union.
Consumer and industrial companies were among the biggest risers Thursday. Bank stocks rose after getting clearance from the Federal Reserve to raise their dividends.
Cable channel Starz soared 11 percent after agreeing to be acquired by Lions Gate Entertainment, which owns the “Orange Is The New Black” Netflix series.
The Dow Jones industrial average rose 117 points, or 0.7 percent, to 17,812.
The Standard & Poor’s 500 index gained 12 points, or 0.6 percent, to 2,083. The Nasdaq composite climbed 30 points, or 0.6 percent, to 4,809.
Bond prices rose in a sign that investors remained cautious. The yield on the 10-year Treasury note fell to 1.45 percent.