U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 100 points on Wednesday.

Following the market opening Wednesday, the Dow traded up 0.19% to 42,218.65 while the NASDAQ gained 0.65% to 19,133.96. The S&P 500 also rose, gaining, 0.29% to 5,903.54.

Check This Out: Top 3 Materials Stocks That Could Blast Off This Month

Leading and Lagging Sectors

Information technology shares jumped by 1.1% on Wednesday.

In trading on Wednesday, utilities stocks fell by 1.1%.

Top Headline

Sony Group Corporation (NYSE:SONY) reported better-than-expected fourth-quarter EPS results.

Sony Group reported quarterly earnings of 21 cents per share which beat the analyst consensus estimate of 12 cents per share. The company reported quarterly sales of $17.25 billion which missed the analyst consensus estimate of $20.40 billion.

Equities Trading UP
                       

Equities Trading DOWN

Commodities

In commodity news, oil traded down 1% to $63.03 while gold traded down 1.7% at $3,191.50.

Silver traded down 2.2% to $32.390 on Wednesday, while copper fell 0.7% to $4.6895.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 gained 0.1%, while Spain's IBEX 35 Index rose 0.4%. London's FTSE 100 rose 0.1%, Germany's DAX 40 fell 0.2% and France's CAC 40 slipped 0.3% during the session.

Asia Pacific Markets

Asian markets closed mostly higher on Wednesday, with Japan's Nikkei falling 0.14%, Hong Kong's Hang Seng Index gaining 2.30%, China's Shanghai Composite Index gaining 0.86% and India's BSE Sensex gaining 0.22%.

Economics

U.S. mortgage application volumes increased by 1.1% from the previous week in the week ending May 9, following an 11% surge in the prior period.

Now Read This:

• Jim Cramer Is ‘OK’ With Harrow, Recommends Buying This Energy Stock

Photo via Shutterstock