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U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 600 points on Wednesday.
The Dow traded up 2.59% to 47,788.74 while the NASDAQ surged 2.87% to 22,650.38. The S&P 500 also rose, gaining, 2.42% to 6,777.12.
Leading and Lagging Sectors
Industrials shares climbed by 3.7% on Wednesday.
In trading on Wednesday, energy stocks fell by 5%.
Top Headline
U.S. crude inventories gained by 3.1 million barrels to 464.7 million barrels in the week ended April 3, versus market estimates of a 701,000-barrel gain.
Equities Trading UP
- Odyssey Marine Exploration Inc (NASDAQ:OMEX) shares shot up 90% to $1.58. Odyssey Marine Exploration and American Ocean Minerals signed a $1 billion merger agreement.
- Shares of Aehr Test Systems (NASDAQ:AEHR) got a boost, surging 27% to $63.84 following third-quarter results.
- U Power Ltd (NASDAQ:UCAR) shares …
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