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Dow Jones and Nasdaq up as third quarter kicks off

Last updated: 11:34 01 Jul 2016 EDT, First published: 06:34 01 Jul 2016 EDT

Wall Street

Global stocks were generally on the rise as we enter the third quarter as government bond yields fell to record lows amid forecasts that central banks would remain supportive following Brexit.

The Dow Jones rose 30 points to 17,960. The biggest winner was Home Depot Inc up US$2 to $130, the biggest loser was JP Morgan and Chase, down to just under US$2 a share.

The NASDAQ started on the front foot, rising 24 points to 4,866.

The S&P 500 was up 5 points to 2,103. The S&P Midcap 400 was up 2.5 points to 1,500. The S&P Smallcap was up 1 point to 709.

The yield on ten-year US Treasury notes reached records lows during intraday trading, before recovering slightly.

Ten-year UK gilt yields hit new lows of around 0.8% as investors shifted expectations for interest rates.

Stocks have recovered most of their losses since before the UK’s vote to leave the EU.

In Europe, the Stoxx Europe 600 was up 0.6% as the auto sector jumped, building on the pan-European index’s largest three-day percentage gain since November 2011.

London’s FTSE 100 index, whose revenues are largely derived from outside the U.K., rose 1%, on track for its best week in six years.

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