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Wall Street gains on Comey relief

Wednesday, June 07, 2017 - 01:06

U.S. stocks edged up after written testimony from former FBI director James Comey did not include any big surprise about an investigation into Russian meddling with last year's U.S. presidential election. Fred Katayama reports.

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Wall Street ended Wednesday in the green. Investors were playing it safe one day ahead of the British parliamentary election and former FBI Director James Comey's testimony in the Senate. Comey's public appearance could shed more details on an FBI probe into alleged Russian meddling in the U.S. presidential elections. RegentAtlantic analyst Andy Kapyrin. (SOUNDBITE) ANDY KAPYRIN, REGENTATLANTIC, CFA, PARTNER AND DIRECTOR OF RESEARCH, (ENGLISH) SAYING: "Washington tends to be slow to act. It may or may not deliver on everything that investors hope. So, I think, if investors are putting more pressure on politics and less on earnings, they might come up a little disappointed." The European Central Bank will hold its policy meeting on Thursday. It's expected to keep its monetary policies unchanged. Oil prices fell on renewed concerns about OPEC output. That took stocks of oil majors Exxon and Chevron along for the ride. However, some gains in Apple helped offset some of those losses. Shares of Navistar International were down after the truck and engine maker posted a quarterly loss. European indices closed lower.

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Wall Street gains on Comey relief

Wednesday, June 07, 2017 - 01:06