Dow Jones Industrial Average Today Rallies As Brexit Fears Abate, Oil Prices Skyrocket

A massive rally in the European stock markets propelled optimism in the United States, as public opinion surrounding the so-called Brexit is leaning toward the United Kingdom remaining in the European Union. The Dow added 129 points as geopolitical concerns slid.

First up, check out the results for the Dow JonesS&P 500, and Nasdaq:

Dow Jones: 17,804.87; +129.71; 0.73% 

S&P 500: 2,083.25; +12.03; 0.58% 

Nasdaq: 4,837.21; +36.88; 0.77%

Now, here's the top stock market news today…

DJIA Today: Brexit Worries Subside, Energy Stocks Rally on Market Optimism

First up, the "exit" campaign of the Brexit debate has lost momentum in the wake of Parliament member Jo Cox's death last week. A number of new polls indicate that a majority of voters now favor the UK staying in the European Union, which is the world's largest economic bloc.

This morning, Minneapolis Federal Reserve President Neel Kashkari warned that too much regulation could fuel problems for Wall Street and the economy. Kashkari said that if Washington sets capital standards that are too high for investment firms, borrowers could turn to non-bank lenders to access credit.

Speaking of the Federal Reserve, the central bank's Chair Janet Yellen goes to Capitol Hill tomorrow to testify before the Senate Banking Committee. Investors will be curious to know what the central bank head thinks about the timing of the next interest rate hike and other monetary policy matters. The thing is, investors shouldn't wait for Yellen's testimony or her next speech on monetary policy to start profiting. 

It was another solid day for silver prices, which pushed above $17.50 per ounce. Gold prices were going in reverse as worries over the Brexit subsided. There have been two reasons why silver and gold have seen significant volatility in recent weeks. First, the market reacted to the Fed's recent meeting and its decision on interest rates. Second, polls showed the "Leave" side leading in the upcoming Brexit referendum, which helped push up fears of uncertainty. 

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