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Dow, S&P 500 shake off Brexit, log best week of 2016

brexit Churchhill

Published: July 1, 2016 4:42 p.m. ET

U.S. stocks booked a fourth straight daily gain Friday, and the Dow and S&P 500 marked their best week this year as stocks clawed back some of the losses scored in the wake of the tumult that followed the U.K.’s decision last week to sever ties with the European Union.

Better-than-expected manufacturing data combined with fading worries about the Brexit, or British exit from the EU, stoked appetite for equities.