By Jesse Cohen
Investing.com - Financial markets have so far shrugged off the news of an impeachment inquiry into President Donald Trump, with investors discounting the prospect of the probe making much headway.
Investors are looking past the Democrats' decision on Tuesday to begin an impeachment inquiry into President Trump over his handling of a call to Ukrainian President Volodymyr Zelenskiy.
A summary of the call subsequently released by the administration Wednesday showed Trump pressed Zelenskiy to investigate former Vice President Joe Biden - Trump's leading Democratic rival - but did not show Trump threatening to withhold aid.
Casting doubt over the likelihood of impeachment is the majority held by Trump's Republicans in the Senate, which can be used to quash any attempt to remove the president from office.
The S&P 500 notched its biggest daily gain in two weeks on Wednesday, taking it back towards its record high, as investors appeared unfazed by the latest uncertainty on the U.S.-China trade front, global slowdown fears as well as geopolitical concerns in the Middle East, where tensions between the U.S., Saudi Arabia and Iran stay elevated.
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-- Reuters contributed to this report