Stocks gain as investors look past impeachment risk

Business

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 18, 2019. REUTERS/Brendan McDermid

NEW YORK (Reuters) – The S&P 500 notched its biggest daily gain in two weeks on Wednesday as investors looked past Democrats’ attempt to impeach President Donald Trump, while Nike shares jumped on upbeat quarterly results.

The Dow Jones Industrial Average .DJI rose 162.94 points, or 0.61%, to 26,970.71, the S&P 500 .SPX gained 18.24 points, or 0.61%, to 2,984.84 and the Nasdaq Composite .IXIC added 83.76 points, or 1.05%, to 8,077.38.

Reporting by Chuck Mikolajczak, Editing by Rosalba O’Brien

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