|U.S. stocks made moderate gains on Wednesday in what analysts interpreted as a sign of relief after pre-written Senate testimony from former FBI Director James Comey provided no major new revelations about the investigation into Russian interference in last year’s presidential election. Comey, whom Trump fired in May, won’t formally testify before the Senate Intelligence Committee until 10 a.m. Thursday, but the content of his written remarks, released Wednesday, appear to have been priced into the market, with investors expressing confidence that Comey’s testimony won’t create new obstacles to Trump’s pro-business legislative agenda. “The testimony wasn’t as disastrous as it could have been,” said Peter Costa, president of trading firm Empire Executions. U.S. stock futures edged up early on “Super Thursday,” with Comey testifying as the U.K. votes in an election that could spell Brexit changes, and the ECB holds a key meeting.
Source: Reuters, MarketWatch