TGI - Crude Oil Edges Higher; Snap Shares Plummet | Benzinga
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 100 points on Wednesday.
The Dow traded up 0.37% to 38,665.47 while the NASDAQ rose 0.83% to 15,737.97. The S&P 500 also rose, gaining, 0.76% to 4,991.73.
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Leading and Lagging Sectors
Information technology shares rose by 1.1% on Wednesday.
In trading on Wednesday, energy shares fell by 0.1%.
Top Headline
Crude oil inventories in the U.S. increased by 5.521 million barrels in the week ending Feb. 2, , the most since mid-November.
Equities Trading UP
MicroCloud Hologram Inc. (NASDAQ: HOLO) shares shot up 450% to $8.25. The company announced it planned to join the Communications Industry Association. HOLO intends to join the Communications Industry Association to foster information technology innovation.
Shares of Glatfelter Corporation (NYSE: GLT) got a boost, surging 77% to $2.27 after the company and Berry Global announced they entered into definitive agreements for Berry to spin-off and merge the majority of its Health, Hygiene and Specialties segment to include its Global Nonwovens and Films business with Glatfelter.