Dow, S&P close at record high as Brexit fears ease; energy jumps 2 pct

by Fred Imbert |
July 13, 2016

U.S. stocks closed higher Tuesday as fears eased over Brexit and Japan signaled more economic stimulus.

“I think the things that people were worried about, … sort of faded into the background,” said Greg Zappin, managing director and portfolio manager at Penn Mutual Asset Management. “You have a lot of things conspiring to make this a very benign investing environment.

The S&P 500 moved higher in record territory and the Dow Jones industrial average closed at a new all-time high.

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