Crude Oil Dips Over 15%; Odyssey Marine Exploration Shares Jump – Aehr Test System (NASDAQ:AEHR), Better

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 600 points on Wednesday.

The Dow traded up 2.59% to 47,788.74 while the NASDAQ surged 2.87% to 22,650.38. The S&P 500 also rose, gaining, 2.42% to 6,777.12.

Leading and Lagging Sectors

Industrials shares climbed by 3.7% on Wednesday.

In trading on Wednesday, energy stocks fell by 5%.

Top Headline

U.S. crude inventories gained by 3.1 million barrels to 464.7 million barrels in the week ended April 3, versus market estimates of a 701,000-barrel gain.

Equities Trading UP
           

Equities Trading DOWN

Commodities

In commodity news, oil traded down 15.2% to $95.76 while gold traded up 2.7% at $4,809.20.

Silver traded up 6.3% to $76.49 on Wednesday, while copper rose 3.8% to $5.7760.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 gained 4.2%, while Spain’s IBEX 35 Index rose 4.3%. London’s FTSE 100 jumped 3%, Germany’s DAX climbed 5% and France’s CAC 40 surged 4.9% during the session.

Asia Pacific Markets

Asian markets closed higher on Wednesday, with Japan’s Nikkei 225 gaining 5.39%, China’s Shanghai Composite gaining 2.69%, Hong Kong’s Hang Seng Index jumping 3.09% and India’s BSE Sensex gaining 3.95%.

Economics

U.S. mortgage applications fell by 0.8% from the previous week during the week ending April 3, compared to the cumulative 28.5% fall from the three prior weeks.

U.S. crude inventories gained by 3.1 million barrels to 464.7 million barrels in the week ended April 3, versus market estimates of a 701,000-barrel gain.

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