U.S. Market Review

U.S. stock markets advanced today as investors looked past Democrats’ attempt to impeach President Donald Trump.

The Dow Jones Industrial Average added 170.69 points, or 0.64%, to 26,978.46.

The S&P-500 surged18.76 points, or 0.63%, to 2,985.36.

The Nasdaq Composite soared 86.81 points, or 1.09%, to 8,080.44.

Shares of Philip Morris jumped 6.1% after the company ceased the merger negotiations with Altria Group Inc (MO.N) and reported that now is interested on the U.S. launch of its tobacco-heating product, iQOS.

Treasury yields rallied after President Donald Trump announced a rough transcript of his now-controversial conversation with his Ukranian colleague.

The yield on the benchmark 10-year Treasury note added 8 basis points to 1.713%, while the yield on the 30-year Treasury bond rose 7 basis points to 2.163%.

U.S. consumer confidence dropped in September to 125.1 from 134.2 in August, according to the Conference Board.This was the largest retreat of the last nine months, and September’s reading marks the largest shortfall relative to the economists’ forecasts of the last 9 years.