U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 100 points on Wednesday.

The Dow traded up 0.18% to 44,319.31 while the NASDAQ gained 0.62% to 20,545.29. The S&P 500 also rose, gaining, 0.31% to 6,245.11.

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Leading and Lagging Sectors

Communication services shares jumped by 1.1% on Wednesday.

In trading on Wednesday, consumer staples stocks dipped by 1%.

Top Headline

U.S. crude oil inventories increased by 7.070 million barrels in the week ended July 4, recording the biggest gain since January, the EIA said.

Equities Trading UP

Calidi Biotherapeutics, Inc. ( CLDI ) shares shot up 353% to $1.48. The stock's surge comes on the heels of a development in the healthcare sector. Calidi Biotherapeutics ( CLDI ) has been making headlines for its innovative approaches to cancer treatment.

Shares of SU Group Holdings Limited ( SUGP ) got a boost, surging 155% to $1.1609 after the company was awarded an HK$88.5 million hospital contract.

Evoke Pharma, Inc. ( EVOK ) shares were also up, gaining 171% to $7.20 after the company announced it received a notice of allowance for the U.S. patent application covering GIMOTI in patients with moderate to severe symptoms of Gastroparesis.

Equities Trading DOWN

Bitmine Immersion Technologies, Inc. ( BMNR )  shares dropped 47% to $59.22. BitMine Immersion Technologies ( BMNR ) filed for mixed shelf.

Shares of RxSight, Inc. ( RXST ) were down 42% to $7.39 after the company cut its 2025 revenue guidance from $160M–$175M to $120M–$130M.

Vertical Aerospace Ltd. ( EVTWF ) was down, falling 31% to $4.77 as the company announced the pricing of $60 million underwritten public offering at a price of $5/share.

Commodities

In commodity news, oil traded up 0.6% to $68.74 while gold traded down 0.1% at $3,315.70.

Silver traded down 0.4% to $36.610 on Wednesday, while copper fell 3.8% to $5.4715.

Euro zone

European shares were higher today. The eurozone's STOXX 600 rose 0.71%, while Spain's IBEX 35 Index rose 1.07%. London's FTSE 100 gained 0.13%, Germany's DAX 40 gained 1.32% and France's CAC 40 gained 1.40% during the session.

Asia Pacific Markets

Asian markets closed mostly lower on Wednesday, with Japan's Nikkei gaining 0.33%, Hong Kong's Hang Seng falling 1.06%, China's Shanghai Composite declining 0.13% and India's BSE Sensex falling 0.21%.

Economics

U.S. wholesale inventories declined by 0.3% month-over-month to $905.5 billion in May in-line with the preliminary estimate and compared to a 0.1% increase in the previous month.

U.S. crude oil inventories increased by 7.070 million barrels in the week ended July 4, recording the biggest gain since January, the EIA said.

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