Wall Street opens higher as bargain hunt begins

Specialist traders work inside a post on the floor of the New York Stock Exchange Specialist traders work inside a post on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 27, 2016. REUTERS/Brendan McDermid

(Reuters) – U.S. stocks opened sharply higher on Tuesday as investors rushed to pick up stocks beaten down by the fears and uncertainty surrounding Britain’s decision to exit the European Union.

The Dow Jones industrial average was up 117.62 points, or 0.69 percent, at 17,257.86, the S&P 500 was up 14.78 points, or 0.74 percent, at 2,015.32 and the Nasdaq composite was up 50.67 points, or 1.1 percent, at 4,645.11.

(Reporting by Yashaswini Swamynathan in Bengaluru)

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