Wall Street rallies amid Brexit, Boeing turmoil

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NEW YORK: Wall Street held on to solid gains on Wednesday (Mar 13), rallying as British lawmakers ruled out a no-deal Brexit and President Donald ...

NEW YORK: Wall Street held on to solid gains on Wednesday , rallying as British lawmakers ruled out a no-deal Brexit and President Donald Trump became among the last world leaders to ground Boeing's 737 MAX aircraft.

But the stock price clambered back into the green for the day, rising 0.5 per cent to US$377.12, putting it up for the first time in three days but still down nearly 11 per cent since before Sunday's deadly crash in Ethiopia. Meanwhile, the broader S&P 500 and tech-heavy Nasdaq both gained 0.69 per cent to close at new highs for 2019, settling at 2,810.92 and 7,643.41, respectively.In Britain, lawmakers voted to reject a possible no-deal exit from the European Union, which is still due to occur in just over two weeks, after earlier this week rejecting the divorce deal negotiated by Prime Minister Theresa May..

 

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