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Dow up 285, recovers more than half of Brexit losses

(CNBC) — U.S. stocks closed more than 1.5 percent higher Wednesday, helped by gains in oil prices, as global markets recovered for a second day from their post-Brexit plunge.

“What I think people are grasping here is, this is a disaster for the U.K., but it’s a big splash with small ripples,” said David Kelly, chief global strategist at JPMorgan Funds.

The Dow Jones industrial average closed up nearly 285 points, with Boeing and Goldman Sachs contributing the most to gains as all constituents except Home Depot rose.