Crude Oil Rises Sharply; Foot Locker Shares Plunge



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.

Check This Out: Emerson Electric To Rally More Than 19%? Here Are 10 Top Analyst Forecasts For Wednesday


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


Aptorum Group Limited (NASDAQ: APM) shares shot up 856% to $15.96 after the company announced it entered into an agreement and plan of merger with YOOV and also announced a spin-off agreement to separate its legacy business.

Shares of TRxADE HEALTH, Inc. (NASDAQ: MEDS) got a boost, surging 74% to $13.99 after the company announced a special cash dividend of $8 per share.

American Public Education, Inc. (NASDAQ: APEI) shares were also up, gaining 33% to $15.14 following …

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