Stocks are opening moderately higher on Wall Street as traders feel less anxious about Britain’s vote last week to leave the European Union.
Bank stocks rose broadly in early trading Thursday after 30 institutions got clearance from the Federal Reserve to raise their dividends and buy back shares. Many of them announced plans to do so immediately after the Fed’s announcement late Wednesday.
Lions Gate Entertainment, which owns the "Orange Is the New Black" Netflix series, jumped 10% after announcing it would buy the cable channel Starz.
The Dow Jones industrial average rose 40 points, or 0.2%, to 17,735.
The Standard & Poor’s 500 index gained 3 points, or 0.2%, to 2,074. The Nasdaq composite climbed 5 points, or 0.1%, to 4,783.
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