U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining over 100 points on Wednesday.

The Dow traded up 0.62% to 38,825.33 while the NASDAQ rose 0.81% to 16,069.34. The S&P 500 also rose, gaining, 0.80% to 5,119.15.

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Leading and Lagging Sectors

Energy shares jumped by 1.2% on Wednesday.

In trading on Wednesday, communication services shares were almost flat.

Top Headline

U.S. crude oil inventories climbed by 1.367 million barrels in the week ended March 1, 2024, compared to market estimates of a 2.116 million surge.

Equities Trading UP

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