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The House of Representatives voted overwhelmingly on Wednesday to reject President Barack Obama's veto of a bill allowing relatives of the victims of the Sept. 11 attacks to sue Saudi Arabia, the first veto override of Obama's eight-year-long presidency. The Senate earlier opposed the veto by 97-1, so the "Justice Against Sponsors of Terrorism Act" will become law. The veto override is a blow to Obama, and to Saudi Arabia, one of the longest-standing U.S. allies in the Arab world.
The energy index jumped 4 percent and was set to have its best day since January after OPEC sources said the group has reached a deal to limit crude output at its policy meeting in November. "The energy sector has been the biggest drag on earnings for the past year and a half or two years, and if you can get some stability there, all of a sudden earnings start to look a lot better," said Mark Kepner, managing director at Themis Trading in Chatham, New Jersey. Shares of Caterpillar Inc, which sells heavy equipment to energy companies, jumped 3.79 percent.