The main market movements as trading comes to a close:

S&P 500 (^GSPC): +0.65%, 0r 18.78 points

Dow (^DJI): +1%, of 258.2 points

Nasdaq (^IXIC): +0.38%, or 29.94 points

As the U.S. Stock Market came to a close today, investors are still awaiting further news for the U.S./China trade war that has been stewing this week.

In European Markets, the pound took a dive after British Prime Minister Boris Johnson confirmed his rumored plans to suspend British Parliament. In doing so, he has narrowed the time available for dissenters in Parliament to try and block a no-deal Brexit. Parliament is set to formally reopen on October 14.

This political move is known as prorogation, leads the U.K. towards greater risks of a no deal Brexit come the October 31 deadline. If no-deal Brexit becomes reality, many economists believe the move would be disastrous for the British economy.

In stock news, the retailer Tiffany & Co. (TIF  ) reported larger than expected earning results for its fiscal second quarter. The earnings are $1.12 per share, which is 7 cents ahead of expectations.

Oil prices were ranking higher today, as the Energy Information Administration reported a bigger than expected drawdown in reserves.

Thursday's Market Summary will see more notable economic data being released including a second estimate for second-quarter GDP, and the Energy Information Administration is set to report natural gas inventories. U.S. stock markets will still be dependent on further updates in the trade war.