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U.S. equities closed sharply higher on Wednesday as the Dow and S&P hit new record highs, while investors awaited a monetary policy announcement from the European Central Bank, CNBC reported.
The S&P 500 gained around 1.3 percent while the Dow Jones industrial average gained nearly 300 points, and the Nasdaq composite rose 1.2 percent.
"I think this is more momentum from the Trump rally," said Adam Sarhan, CEO at 50 Park Investments. "You've got the financials, transports, steel stocks, small and mid-cap stocks all trading higher. The areas that have worked [since the election] continue to work."
"While all this is happening, you've seen virtually no selling. That's very good for stocks moving forward," he added.
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Abortions would be banned after 20 weeks under a bill Republican lawmakers hoped to pass Wednesday and add to legislation already on its way to GOP Gov. John Kasich that would prohibit abortions once a fetal heartbeat is detected.
House lawmakers heard testimony about the 20-week ban Wednesday morning with a scheduled committee vote in the afternoon and a goal to put it on the House floor later in the day. The so-called heartbeat bill would be one of the nation's most stringent abortion restrictions.
A survivor of last year's massacre at a black South Carolina church testified Wednesday that her Bible study group had just closed their eyes and started praying when a loud sound shattered the stillness. The basement room went dark.
When Felicia Sanders opened her eyes, she saw a young white man the parishioners had welcomed to the study only a half-hour earlier. Dylann Roof was mowing down the pastor and eight others with gunfire and hurling racial insults.
Thousands of people gathered at Pearl Harbor on Wednesday for a ceremony marking the 75th anniversary of the attack that plunged the United States into World War II and left more than 2,300 service people dead. Under a clear blue sky, a few dozen attack survivors and others assembled on a pier overlooking the harbor. They bowed their heads and observed a moment of silence at 7:55 a.m. — the same moment Japanese planes began their assault on Dec. 7, 1941. The USS Halsey sounded its whistle to start the moment. F-22 fighter jets flying in formation overhead broke the silence afterward.
Mayor Rahm Emanuel met with President-elect Donald Trump Wednesday morning at Trump Tower in New York City, discussing a variety of issues, including transportation, investment in infrastructure, job creation and, perhaps most importantly, immigration. "I was clear about where I stood on immigrants, that we welcome them because they are achieving and striving to the American Dream," Emanuel said after the meeting. Emanuel, along with mayors from New York City, Los Angeles, Houston, Philadelphia and other cities, warned the incoming Trump Administration about the economic impact eliminating the program would have. They cited the potential loss of $9.9 billion in tax contributions over the next four years. Emanuel hand-delivered the letter to the president-elect Wednesday.
Hillsborough County Sheriff's Office
Federal authorities say a Florida woman has been charged with making death threats against the parent of a child who died in the Sandy Hook Elementary School shootings.
The U.S. Department of Justice announced the charges Wednesday. Its statement said 57-year-old Lucy Richards of Tampa made the threats because she thought the December 2012 shootings in Newton, Connecticut, were a hoax.
The child's parent now lives in South Florida. The department didn't release the parent's identity or exact location and didn't return calls seeking more details.
Getty Images/OJO Images RF
Why worry about buying health insurance when President-elect Donald Trump plans to dump the requirement that most Americans get coverage?
For the same reason you should always worry about health insurance: Little health problems can easily turn into big bills without it.
AP, David Zalubowski
Rep. Keith Ellison said Wednesday he'll resign his seat in Congress if he's elected chairman of the Democratic National Committee.
"Whoever wins the DNC chair race faces a lot of work, travel, planning and resource raising," Ellison said in a statement. "I will be 'all-in' to meet the challenge."
The liberal Minnesota congressman, an early favorite in the race to head the party, has faced vocal resistance from prominent Democrats, who have questioned his comments about Israel, his defense of Nation of Islam leader Louis Farrakhan and his commitment to the Democratic Party.
Protest organizers and their attorneys say the National Park Service is quashing dissent by blocking access to public space for those who want to demonstrate during President-elect Donald Trump's inauguration.
Donald Trump, who was elected the 45th president of the United States after a raucous and unprecedented campaign, is Time's 2016 Person of the Year.
The magazine announced its pick on NBC's "Today" Wednesday morning.
The Manhattan real estate mogul went from fiery underdog to win the White House over Democrat Hillary Clinton. Trump won 306 electoral votes, easily enough to make him president when the electors meet on Dec. 19. Clinton won the popular vote.
"It's a great honor, it means a lot," Trump said in a phone interview on "Today." "Especially me growing up, reading Time magazine, it's a very important magazine. I've been lucky enough to be on the cover many times this year and last year."
AP, Pablo Martinez Monsivais
Repealing President Barack Obama's health care law without a replacement risks making nearly 30 million people uninsured, according to a study released Wednesday.
Separately, a professional group representing benefit advisers warned congressional leaders of the risk of "significant market disruption" that could cause millions of Americans to lose their health insurance
NBC Bay Area
The Oakland warehouse fire recovery efforts have been completed, officials said on Wednesday, with the death toll of people killed inside during a dance party Friday night holding at 36. Meanwhile, investigators continue to work on determining what caused the fire at the so-called Ghost Ship warehouse, which had been illegally converted into living spaces and was hosting a dance party when the blaze ignited.
Officials indicated a refrigerator or appliance was a potential source of the fire, but it was too early to say for sure.
San Diego Police Department
The body of a San Diego woman, a Navy wife, was pulled from the water near Liberty Station two months ago, two years after she was reported missing, investigators confirmed Wednesday. Elizabeth Sullivan, 31 and a mother of two, was last seen near her home in Liberty Station on the night of October 13, 2014. A text message sent that same day was the last contact anyone had from her. Sullivan was reportedly spotted near the soccer fields at Liberty Station just two days after her disappearance was reported. A private investigator told NBC 7 San Diego on Tuesday that Sullivan’s body had been found.