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
Here's how the market settled for the mid-week:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
For Major Stocks, travel stocks reigned on Wednesday as more positive coronavirus vaccine data threw a lifeline to the demand-impacted industry: American Airlines
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
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