The stock market climbed higher on Thursday morning, seemingly unaffected by the impeachment of President Trump by the House of Representatives. Investors seemed to take the expected move in stride, and few believe that the Senate will actually vote to remove the sitting president. As of 11 a.m. EST, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 98 points to 28,337. The S&P 500 (SNPINDEX: ^GSPC) rose 7 points to 3,198, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 28 points to 8,856.
Some individual stocks saw some big moves. Rite Aid (NYSE: RAD) skyrocketed following on its latest earnings report. However, Micron Technology (NASDAQ: MU) also gained ground, as investors had similar hopes that the worst might be over for the chip giant.
Shares of Rite Aid soared 47% Thursday morning after the drugstore chain reported its third-quarter financial results. The long-suffering company has had to deal with a lot of challenges, but its Q3 performance raised hopes for a better future.