Here’s what you need to know for Thursday, June 29.
The Nasdaq posted its best session since Nov. 7, the day before the U.S. presidential election. The S&P 500 had suffered its biggest one-day drop in about six weeks on Tuesday after a healthcare bill was delayed in the U.S. Senate. The healthcare legislation is the first major plank of President Trump's domestic policy agenda, with investors eager for him to move onto his other plans including tax cuts, infrastructure spending and deregulation.
U.S. stocks closed higher Wednesday as the market bounced back from losses a day earlier and notched its best day in two months.