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Crude Oil Jumps Over 3%; Upstart Shares Spike Higher
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 250 points on Wednesday.
The Dow traded up 0.95% to 39,367.42 while the NASDAQ rose 1.52% to 16,616.10. The S&P 500 also rose, gaining, 1.33% to 5,309.90.
Leading and Lagging SectorsEnergy shares climbed by 2% on Wednesday.
In trading on Wednesday, health care shares rose by just 0.1%.
Top HeadlineThe EIA said crude oil inventories in the U.S. declined by 3.728 million barrels in the week ended Aug. 2, compared to market estimates of a 0.4 million barrel decline.
Equities Trading UP
Upstart Holdings, Inc. (NASDAQ:UPST) shares shot up 50% to $35.77 after the company reported better-than-expected second-quarter financial results and issued third-quarter revenue guidance above estimates on Tuesday.
Shares of ...