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S&P 5000 Edges Higher; US Crude Oil Inventories Fall

Benzinga ·  Oct 17 14:12

U.S. stocks traded higher toward the end of trading, with the S&P 500 recording gains on Thursday.

The Dow traded up 0.24% to 43,179.49 while the NASDAQ rose 0.24% to 18,411.77. The S&P 500 also rose, gaining, 0.08% to 5,847.03.

Leading and Lagging Sectors

Information technology shares jumped by 0.8% on Thursday.

In trading on Thursday, communication services shares fell by 0.7%.

Top Headline

U.S. crude oil inventories declined by 2.192 million barrels in the week ended Oct. 11, versus estimates of a 2.3 million gain, the EIA said.

Equities Trading UP

  • Gevo, Inc.(NASDAQ:GEVO) shares shot up 18% to $2.6650 after the company announced it secured a DOE conditional...

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