U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 150 points on Wednesday.
The Dow traded up 0.36% to 38,040.66 while the NASDAQ rose 0.97% to 15,574.97. The S&P 500 also rose, gaining, 0.66% to 4,896.89.
Check This Out: Netflix To Rally Around 18%? Here Are 10 Top Analyst Forecasts For Wednesday
Leading and Lagging Sectors
Communication services shares rose by 1.7% on Wednesday.
In trading on Wednesday, utilities shares fell by 0.8%.
Top Headline
US crude oil inventories fell by 9.233 million barrels in the week ending Jan. 19, recording the biggest decline since August and compared to market estimates of a 2.15 million-barrel decline.
Equities Trading UP
Getaround, Inc. (NYSE: GETR) shares shot up 158% to $0.4750 after the company announced it secured $20 million in financing.
Shares of Evaxion Biotech A/S (NASDAQ: EVAX) got a boost, surging 116% to $10.80 after a 13G filing showed Merck & Co reported an 11.4% stake in the company as of Dec. 21, 2023.
SciSparc Ltd. (NASDAQ: SPRC) shares were also up, gaining 64% to $5.67 after the company after the company announced a $20 million standby equity purchase agreement.
Equities Trading DOWN
BlackBerry Limited (NYSE: ...