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Business News

he Dow Jones Industrial Average climbed 136 points, or 0.89%, to 15326, the S&P 500 gained 5.1 points, or 0.31%, to 1689 and the Nasdaq Composite dipped 4 points, or 0.11%, to 3725.

Wall Street has been fixated with developments on the Syria front in recent days. A diplomatic solution that could stave off U.S. military involvement solution emerged early in the week, which sent stocks zipping higher.

President Barack Obama reaffirmed those plans late Tuesday in an address to the nation in which he asked Congress to hold off on a vote authorizing military action.

Traders had a bullish reaction, saying they expected Wall Street to continue its move higher.

"The big market takeaway is that the risk of an imminent attack on Syria continues to recede," Dan Greenhaus, chief global strategist at BTIG told FOX Business on the heels of President Obama's address. He added that "all else equal, that's a positive for markets."

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