U.S. stocks rallied Wednesday, rising in tandem with markets in Europe and Asia, as fears receded that the U.K.'s referendum vote last week to leave the European Union would disrupt the global economy. Global shares and sterling initially plunged after Thursday's so-called Brexit vote, as investors feared the U.K.'s departure from the EU would slow global economic growth and extend the period of low interest rates. But now, markets are showing signs of recovering from those losses. Investors are now gauging the risks from Brexit to be lower than during the Lehman Brothers bankruptcy that unleashed the financial crisis in 2008. Financial stocks in the S&P 500, which fell almost 10% in the two sessions after the U.K. referendum results were released, rose 1.9% Wednesday.
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