Markets Rise Sharply Following A Pullback In Oil Prices

U.S. indices traded sharply higher Wednesday amid continued volatility on Ukraine-Russia concerns. A pullback in oil prices following the recent crude rally has helped alleviate some concerns of rising commodity costs.

• The Nasdaq composite finished higher by 3.59% to 13,255; The Invesco QQQ Trust Series 1 (NASDAQ:QQQ) gained 3.60% to $334.99
• The S&P 500 traded higher by 2.57% to 4,277; The SPDR S&P 500 ETF Trust (NASDAQ:SPY) gained 2.67% to $427.41
• The Dow Jones composite finished higher by 1.84% to 11,372; The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ:DIA) finished higher by 2.07% to $333.29

Here are the day's winners and losers from the S&P 500, according to data from Benzinga Pro.

Moderna Inc (NASDAQ:MRNA), Carnival Corp (NYSE:CCL) and Caesars Entertainment Inc (NASDAQ:CZR) were among the top gainers for the SPY Wednesday.

Phillips 66 (NYSE:PSX), Exxon Mobil Corp (NYSE:XOM) and Schlumberger NV (NYSE:SLB) were among the top losers for the S&P 500.

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