Markets rose on Wednesday.
Oil rose. West Texas Intermediate crude rose 2.4 percent while Brent rose 2.1 percent.
Analysts are optimistic on stocks.
Randy Frederick, vice president of trading and derivatives for Charles Schwab, said that “economic data remains strong and markets are optimistic that we’ll see progress on tax reform out of Washington”.
“We’re probably going to get double-digit earnings growth this quarter, showing that things are getting better even without Administration changes,” said Karyn Cavanaugh, senior market strategist at Voya Financial.
In Europe, stocks rose as investors largely ignored the UK's official notification of its decision to leave the European Union.