U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 350 points on Wednesday.
The Dow traded up 0.75% to 47,466.81 while the NASDAQ rose 0.93% to 23,240.04. The S&P 500 also rose, gaining, 0.82% to 6,821.37.
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Leading and Lagging Sectors
Information technology shares jumped by 1.5% on Wednesday.
In trading on Wednesday, communication services stocks fell by 0.4%.
Top Headline
U.S. crude oil inventories jumped by 2.77 million barrels in the week ending Nov. 21, following a 3.426 million-barrel decline in the previous week, and versus market estimates of a 0.5-million decrease.
Equities Trading UP
Arrowhead Pharmaceuticals Inc (NASDAQ:ARWR) shares shot up 19% to $55.90 after the company reported better-than-expected quarterly financial results.
Shares of Amber International Holding Limited