US shares rise as Brexit impact fades
(Close): Wall Street enjoyed its third straight day of gains, with the major indexes closing up more than 1%.
Share markets have now erased much of their losses suffered in the wake of last week's UK vote to leave the EU.
Hershey shares surged 16.8% on news that Mondelez had made a takeover bid.
"We're reversing the Brexit as it becomes evident that it was more of a political vote and decision than an economic decision," said Bucky Hellwig, senior vice president at BB&T Wealth Management.
Major gainers on the Dow included Boeing, Caterpillar, General Electric and IBM, all of which rose more than 2%.
Financial stocks were broadly higher after the Federal Reserve gave the green light to 31 of 33 banks to return capital to shareholders following stress tests. JPMorgan Chase rose 1.5%, Goldman Sachs 2.1%, and Wells Fargo 0.8%.