Mid-Morning Market Update: Markets Open Higher; CSX Revenue Misses Estimates

Following the market opening Wednesday, the Dow traded up 0.14 percent to 16,540.12 while the NASDAQ gained 0.07 percent to 4,689.22. The S&P also rose, gaining 0.21 percent to 1,942.83.

On Wednesday, energy shares surged by 1.47 percent. Meanwhile, top gainers in the sector included

, up 10 percent, and

, up 7 percent. In trading on Wednesday, non-cyclical consumer goods & services shares tumbled by 0.07 percent. Meanwhile, top losers in the sector included

, down 8 percent, and

, down 3 percent.

reported better-than-expected earnings for the fourth quarter, but the company's revenue missed analysts' estimates.

shares shot up 22 percent to $46.20. Haaretz reported that

is in talks to acquire the company. Shares of

got a boost, shooting up 22 percent to $2.92. Nobilis Health reported upbeat Q3 results and reported that it has completed earlier announced financial restatement.

shares were also up, gaining 15 percent to $43.75.

reported a deal to make certain investments via a limited partnership capital contribution in several non-U.S. investment entities. The investment entities "will acquire a significant minority stake of Qunar Cayman Islands Limited, or Qunar, from Qunar's shareholders through privately negotiated transactions, using cash and/or Ctrip's ordinary shares as purchase consideration," according to the release.

shares dropped 6 percent to $15.40 after the company reported weak preliminary Q4 revenue. Shares of

were down 15 percent to $2.83. Goldman Sachs downgraded Intelsat from Neutral to Sell and lowered the price target from $7.00 to $3.00.

was down, falling around 8 percent to $5.51. SUPERVALU reported Q3 earnings of $0.16 per share on revenue of $4.11 billion.

In commodity news, oil traded up 2.79 percent to $31.29, while gold traded down 0.04 percent to $1,084.80. Silver traded up 1.48 percent Wednesday to $13.96, while copper rose 0.46 percent to $1.97.

European shares were higher today. The eurozone's STOXX 600 gained 1.28 percent, the Spanish Ibex Index rose 1.35 percent, while Italy's FTSE MIB Index jumped 1.76 percent. Meanwhile, the German DAX jumped 0.95 percent, and the French CAC 40 climbed 1.35 percent, while U.K. shares gained 1.21 percent.

The Federal Open Market Committee will release its latest Beige Book report at 2:00 p.m. ET.