The three U.S. stock market readings saw some gains Wednesday after a rough day of trade Tuesday. President Donald Trump told reporters at the United Nations Assembly in New York that a China trade deal could happen, "sooner than you think." This comment comes a day after Trump criticized China's trade practices before the U.N. General Assembly and House Speaker Nancy Pelosi announced a formal impeachment inquiry into the president.

Here's how the U.S. Stock Market closed mid-week:

Dow Jones Industrial Average (DIA): +0.61% or 162.94 points

S&P 500 Index (SPY): +0.62% or 18.27

NASDAQ Composite Index (QQQ): +1.05% or 83.76 points

The House of Representatives moving forward with a formal impeachment inquiry has increased more investor uncertainty around global trade. Stocks have not shown much sign of investment fear yet, for an impeachment process could take months to unfold.

JPMorgon analyst John Normand weighed in on trade uncertainty brought by the impeachment inquiry by writing that: "There is no change to overall investment recommendations, which are only moderately cyclical given previous geopolitical and now political constraints on the business and profit cycles." Traders can rest assured that most stock investments are safe for now.

Wednesday U.S. and Japan announced that the two have reached an initial trade agreement. Trump stated that the document the two leaders signed outlined, "the significant steps [the countries are] taking toward a fair and reciprocal trade agreement." It is unclear whether this agreement will be an outline for further trade agreements with China.

In oil news, oil prices have dropped today following the news that Saudi Arabia's Aramco has restored oil output much earlier than expected, with its daily capacity at 11.3 million barrels per day. The crude output from the attacked Khurais field is now at 1.3 million barrels/day and the Adqaiq plant is currently at 4.9 million barrels/day. Brent Crude oil prices saw a -1.22% drop today, with oil prices resting at $62.31 per barrel. It seems that oil prices are trying to correct themselves back to pre-attack prices.

Tomorrow's U.S. market update will follow further news of Trump's impeachment inquiry as well as how the market continues to react to the unique storm of slowed global economic growth and trade uncertainty as 2019 is in its final quarter.