DCGO - Nasdaq Gains 50 Points; US Crude Inventories Rise Last Week | Benzinga
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 50 points on Wednesday.
The Dow traded up 0.17% to 37,588.15 while the NASDAQ rose 0.34% to 14,908.42. The S&P 500 also rose, gaining, 0.21% to 4,766.64.
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Leading and Lagging Sectors
Communication services shares rose by 0.8% on Wednesday.
In trading on Wednesday, energy shares fell by 0.9%.
Top Headline
Crude oil inventories in the U.S. increased by 1.338 million barrels in the week ending Jan. 5, versus market estimates of a 0.675 million barrel decline.
Equities Trading UP
Clearmind Medicine Inc. (NASDAQ: CMND) shares shot up 39% to $2.8850 after the company said it completed a Type A meeting with the U.S. Food and Drug Administration.
Shares of Amarin Corporation plc (NASDAQ: AMRN) got a boost, surging 26% to $1.2250 after the company reported preliminary fourth-quarter financial results and announced plans to initiate a share repurchase program ...