US stock

US stocks edge higher as market awaits British vote

NEW YORK: Wall Street stocks opened slightly higher Wednesday in cautious trade ahead of Thursday’s British vote on whether to exit the European Union.

The “Remain” camp has a razor-thin lead – 51 per cent versus 49 per cent for “Leave”, according to an average of polls compiled by What UK Thinks.

The awareness of the risk of a “Leave” outcome “has presumably tempered the buying interest that swelled on Monday,” said analyst Patrick O’Hare.

“It hasn’t killed the buying interest, however.”

Federal Reserve Chair Janet Yellen was set for a second day of congressional hearings after Tuesday’s appearance before a Senate panel yielded no major surprises.

Five minutes into trade, the Dow Jones Industrial Average was up 0.2 per cent at 17,865.89.

The broad-based S&P 500 climbed 0.2 per cent to 2,092.56, while the tech-rich Nasdaq Composite Index added 0.1 per cent at 4,849.03.

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