Update: US stocks rally as FTSE rebounds 3%

Blue chips up 3% as PM Cameron heads to Brussels

The S&P 500 has opened up 1.3% this afternoon, boosted by financials and technology stocks, while the FTSE 100 has seen a 3% rise to claw back yesterday's losses.

The Dow Jones opened up 1.2% and the S&P 500 was 1.3% higher, with banks and technology stocks among the top performers. Citigroup and Bank of America were both up 2.7%, while technolgy firms Facebook and Visa rose 2.6%.  Prior to the referendum, some UK equity fund managers such as Fidelity's Alex Wright had been adding to positions in US companies such as Citigroup to mitigate against the impact of a potential Brexit.  Meanwhile, the FTSE 100 moved 3% higher today to 6,164 points in afternoon trading, with just a handful of stocks in negative territory. These include Fresnillo (-...