Dow Surges Over 200 Points; US Crude Oil Inventories Increase More than Expected

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining over 200 points on Wednesday.

The Dow traded up 0.55% to 41,808.59 while the NASDAQ climbed 0.95% to 17,671.26. The S&P 500 also rose, gaining, 0.66% to 5,651.61.

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Leading and Lagging SectorsEnergy shares rose by 1.2% on Wednesday.

In trading on Wednesday, real estate shares fell by 0.7%.

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The EIA said crude oil inventories in the US increased by 1.745 million barrels in the week ended March 14, compared to market estimates of a 1.1 million gain.

Equities Trading UP                       

Service Properties Trust  (NASDAQ:SVC) shares shot up 18% to $2.94 after Wells ...