Trump sided with the Democrats to support a three-month extension on government funding, a three-month debt-limit increase, and a Hurricane Harvey relief package.
Republican leaders were reportedly furious, but the markets were happy. All three major indices rose on Wednesday.
The S&P 500 was the biggest winner, gaining 0.32%.
And now, the scoreboard:
- Dow: 21,810.10, +56.79, (+0.26%)
- S&P 500: 2,465.74, +7.89, (+0.32%)
- Nasdaq: 6,393.31, +17.74, (+0.28%)
- Trump just sided with Democrats on a massive deal to solve Congress’ biggest issues. The issues were mainly kicked down the road and will have to be discussed again in December.
- There’s a divide in how traders are prepping for a debt-ceiling showdown. Even though investors can breathe easy for now, the same issues are on the calendar to resurface at the end of the year.
- The Bank of Canada surprises with a rate hike. The bank cited better than expected economic data as it raised rates to 1.00%.
- The high price of the iPhone 8 is likely out of Apple’s control. The cost of new components in the iPhone 8 might put the phone out of reach for some consumers.
- Fed Vice Chairman Stanley Fischer resigned. Fischer on Wednesday cited “personal reasons” for his decision in a letter to President Donald Trump.
- A company that’s trying to teach millennial ‘noobies’ how to invest is growing like crazy. StockTwits’ new CEO wants to raise the next generation of investors.