Wall Street saw a healthy rally on Wednesday, with all major indices closing at their highest levels in close to a month. Market participants were focused two things on Wednesday: President Donald Trump's tweet that the government may be opening up sooner rather than later, signaling that the economy will be able to rebound, and Senator Bernie Sanders dropping out of the presidential race, encouraging the healthcare sector to relax.
The President tweeted during Wednesday's session: "Once we OPEN UP OUR GREAT COUNTRY, and it will be sooner rather than later, the horror of the Invisible Enemy, expect for those that sadly lost a family member or friend, must be quickly forgotten. Our Economy will BOOM, perhaps like never before!!!"
Here's how the market settled at mid-week:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
In Major Stock News, American airline stocks--American
In Stock Sector News, all sectors saw performance increases on Wednesday, led by Real Estate with a +7.41% gain. The rest of the gains were as follows: Energy +6.73%, Utilities +5.41%, Materials +5.00%, Financials +4.40%, Health care +4.21%, Industrials +3.65%, Consumer Discretionary +2.84%, Information Technology +2.74%, Communication Services +1.65% and Consumer Staples +1.41%.
In Commodity and Currency News, oil prices jumped on Wednesday on hopes the OPEC will bring production cuts to help with prices as demand still remains low. West Texas Intermediate