U.S. stocks traded mostly higher midway through trading, with the Dow Jones index gaining more than 100 points on Wednesday.

The Dow traded up 0.28% to 42,986.17 while the NASDAQ gained 0.09% to 19,731.97. The S&P 500 also rose, gaining, 0.06% to 6,042.25.

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Leading and Lagging SectorsInformation technology shares jumped by 0.6% on Wednesday.

In trading on Wednesday, materials stocks fell by 0.6%.

Top Headline

U.S. crude oil inventories declined by 3.644 million barrels in the week ended June 6, compared to market estimates of a 2.5 million barrel fall.

Equities Trading UP           

• SailPoint, Inc. (NASDAQ:SAIL) shares shot up 18% to $23.22 after the company reported better-than-expected first-quarter adjusted EPS results and raised its FY26 guidance above estimates.
• Shares of Helius Medical Technologies, Inc. (NASDAQ:HSDT) got a boost, surging 85% to $1.56 after the company announced authorized claim for payment for PoNS Device from Aetna Healthcare.
• Ouster, Inc. (NASDAQ:OUST) shares were also up, gaining 24% to $19.94 after the company announced that its OS1 digital lidar has been vetted and approved by the Department of Defense for use in unmanned aerial systems.

Equities Trading DOWN

• LeddarTech Holdings Inc. (NASDAQ:LDTC) shares dropped 40% to $0.2226 after the company announced it laid off most of its employees and may file for bankruptcy.
• Shares of Chewy, Inc. (NYSE:CHWY) were down 12% to $40.44 after the company reported first-quarter financial results and issued FY25 sales guidance below estimates.
• Draganfly Inc. (NASDAQ:DPRO) was down, falling 41% to $2.1950 as the company announced the pricing of 5.5 million unit public offering at $2.50 per unit.

CommoditiesIn commodity news, oil traded up 2.3% to $66.50 while gold traded up 0.3% at $3,353.70.

Silver traded down 0.8% to $36.355 on Wednesday, while copper fell 1.6% to $4.8220.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 fell 0.10%, while Spain's IBEX 35 Index fell 0.49%. London's FTSE 100 gained 0.26%, Germany's DAX 40 rose 0.07% and France's CAC 40 fell 0.20% during the session.

Asia Pacific Markets

Asian markets closed higher on Wednesday, with Japan's Nikkei gaining 0.55%, Hong Kong's Hang Seng Index gaining 0.84%, China's Shanghai Composite rising 0.52% and India's BSE Sensex gaining 0.15%.

Economics

• The annual inflation rate increased to 2.4% in May from 2.3% in the previous month, but came in below market estimates of 2.5%.
• U.S. crude oil inventories declined by 3.644 million barrels in the week ended June 6, compared to market estimates of a 2.5 million barrel fall.

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