Stocks continued to rise on Wednesday after news that the U.S. Department of Health and Human Services has agreed to a near $2 billion deal with Pfizer
Meanwhile, U.S. existing home sales jumped 20.7% in June over May to a seasonally adjusted annual rate of 4.72 million, according to the National Association of Realtors (N.A.R.). Although the reading was below consensus estimates, the report was a the largest month on month gain ever recorded.
"The sales recovery is strong, as buyers were eager to purchase homes and properties...This revitalization looks to be sustainable for many months ahead as long as mortgage rates remain low and job gains continue," N.A.R.'s Chief Economist Lawrence Yun said in a statement.
Here's how the market settled for the mid-week:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
For Major Stock News, homebuilding stocks like NVR
For Sector Performance, most industries continued to gain throughout Wednesday's trading session, with only Energy -1.34% and Financials -0.09% falling behind. The major of sectors that saw performance increases on Wednesday include: Utilities +1.53%, Real Estate +1.25%, Materials +1.12%, Health Care +0.85%, Information Technology +0.83%, Industrials +0.82%, Consumer Staples +0.77%, Consumer Discretionary +0.33% and Communication Services +0.04%.
For Commodities and Currency, crude oil prices were slightly pressured on Wednesday due to tensions between U.S. and China and a rise in U.S. crude inventories. However, it only affected oil prices slightly, with West Texas Intermediate
For Thursday, investors will be looking at another batch of corporate earnings, including American Airlines