Stocks up 1%; Dow surges as Brexit concerns wane

U.S. equities kicked off the week on the right foot Monday, trading sharply higher as Brexit concerned lessened and oil prices surged.


A series of polls released over the weekend showed those in favor of the U.K. staying in the European Union held a slight lead over the leave camp. The campaign in favor of a Brexit lost momentum after Member of Parliament Jo Cox was killed last week.
"The UK's future is much better within the EU, something we have said several times before and we maintain our view because leaving the EU may only create problems for the country," Naeem Aslam, chief market analyst at Think Forex, said Monday in a note to clients.
"Having said that, we need a firm confirmation that public opinion has indeed changed and is leaning more towards the 'Remain' side before we can see the current momentum continue," he said.
The Dow Jones industrial average traded about 230 points higher, with Goldman Sachs and Boeing contributing the most gains. The blue-chips index briefly traded more than 250 points higher shortly after the open.