Investors remained in a buying mood Thursday, driving U.S. stocks broadly higher for the third day in a row.
The latest gains added to the market's rebound from the brief but steep slump that followed Britain's vote to leave the European Union a week ago.
Although the rally suggests that traders' anxiety over Britain's departure from the EU have eased, a surge in U.S. bond prices Thursday signaled many investors remain cautious about the possible long-term implications. As bond prices rose, the yield on the 10-year Treasury note fell to 1.47%.
Consumer staples companies posted the biggest gains. Utilities stocks, a traditional haven for investors seeking less risk,...