Stocks continued to rise all throughout Wednesday's session as more positive news for a speedy coronavirus vaccine outweighed all concern for the contrary. Benchmarks like the S&P 500 and Dow Jones increased with modest momentum while the Nasdaq continued to show a mixed bag of stock gains and losses as the recent tech rally continued to fizzle out.

After market close on Tuesday, the New England Journal of Medicine published results of Moderna's (MRNA  ) preliminary clinical trial of its potential coronavirus vaccine, showing that the vaccine had created a strong immune response in every participate no matter the dosage. The company added that they will begin their 30,000 participant late-stage trial on July, fueling market optimism towards a sooner-than-expected, or at least on time, coronavirus vaccine.

Here's how the market settled for the mid-week:

S&P 500 Index (SPY  ): +0.91% or +29.05 point to 3,226.57

Dow Jones Industrial Average (DIA  ): +0.85% or +227.51 points to 26,879.10

Nasdaq Composite Index (QQQ  ): +0.59% of +61.92 points to 10,550.49

For Major Stocks, travel stocks reigned on Wednesday as more positive coronavirus vaccine data threw a lifeline to the demand-impacted industry: American Airlines (AAL  ), Carnival Cruise (CCL  ), Delta (DAL  ), Norwegian Cruise (NCLH  ), Royal Caribbean Cruise (RCL  ), Southwest (LUV  ), and United Airlines (UAL  ). Tech stocks, on the other hand, continued their downturn from Tuesday's fall, with FAANG stocks--Facebook (FB  ), Amazon (AMZN  ), Apple (AAPL  ), Netflix (NFLX  ), Google (GOOGL  )--and Microsoft (MSFT  ) all closing lower following their multi-week rally.

For Sector Performance, all but Utilities -0.44% gained at that the end of Wednesday's session as investor sentiment continues to stay aloft. The industry increases were as follows: Industrials +2.55%, Energy +1.96%, Financials +1.91%, Materials +1.67%, Health Care +1.32%, Information Technology +0.53%, Real Estate +0.51%, Consumer Discretionary +0.46%, Communication Services +0.29% and Consumer Staples +0.01%.

For Commodities and Currency, crude oil prices rose again on Wednesday following a surprise report from the Energy Information Administration that shows a steep decline of U.S. output by 7.5 million barrels for the week ended July 10 over the prior week. That data sent futures up, but was only held back by OPEC+ being set to ease supply cuts in August. West Texas Intermediate (USO  ) gained 2.26% to price at $41.20 per barrel, while Brent Crude (BNO  ) increased 1.75% to $43.65. Gold (GLD  ) prices remained stable over the $1,800 threshold as the coronavirus pandemic still weighs heavily on investment sentiment. Spot gold ticked up 0.2% to $1,811.41 per ounce, while futures remained stagnate at $1,813.80 per ounce. Finally, the U.S. Dollar (UUP  ) lost some more strength against other currencies, with the DXY Index declining 0.21%.

For Thursday, investors will focus on the Labor Department's weekly jobless claims data as well as notable earnings from companies like Domino's Pizza (DPZ  ) and Netflix.