Stocks rose during Wednesday's session as market participants digested a series of tweets written by President Donald Trump on Tuesday, with the president ultimately calling for Congress to pass more direct payments and economic stimulus for the airline sector. However, Trump has rejected the new modified HEROES Act bill that was recently passed by the House of Representatives, arguing that the price tag was too high.
The Federal Reserve released the Federal Open Market Committee minutes from its Sept. 15-16 meeting on Wednesday, with committee members demonstrating concern for the ongoing strength of the U.S. economic recovery. FOMC participants called for more stimulus for the economy to recover smoothly, with the meeting's minutes reading: "Indeed, many participants noted that their economic outlook assumed additional fiscal support and that if future fiscal support was significantly smaller or arrived significantly later than they expected, the pace of the recovery could be slower than anticipated."
Here's how the market settled for the mid-week:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
For Major Stock News, reopening names like airlines and cruises--American
For Sector Performance, every industry gained alongside the broader market during Wednesday's session. The positive performance gains were as follows: Materials +2.62%, Consumer Discretionary +2.47%, Industrials +2.22%, Information Technology +1.89%, Health Care +1.89%, Financials +1.74%, Energy +1.41%, Consumer Staples +1.19%, Communication Services +0.88%, Utilities +0.63% and Real Estate +0.28%.
For Commodities and Currency, the U.S. Dollar
For Thursday, investors will digest the vice presidential debate between Vice President Mike Pence and challenger Senator Kamala Harris. The Labor Department is also slated to issue fresh data on unemployment claims.