U.S. stocks traded higher midway through trading, with the Nasdaq surging 375 points on Wednesday.

The Dow traded up 2% to 33,284.15 while the NASDAQ rose 2.93% to 13,170.68. The S&P also rose, gaining, 2.33% to 4,267.93.

Check out this: Insiders Buy Around $98M Of 3 Stocks

Leading and Lagging Sectors

Financials shares climbed by 3.7% on Wednesday. Meanwhile, top gainers in the sector included Bright Health Group, Inc. (NYSE:BHG), up 26% and Silvergate Capital Corporation (NYSE:SI) up 19%.

In trading on Wednesday, energy shares fell by 1.4%.

Top Headline

Campbell Soup Company (NYSE:CPB) reported in-line earnings for its second quarter, while sales missed expectations.

Campbell Soup posted quarterly earnings of $0.69 per share, in-line with analysts’ estimates of $0.69 per share. The company’s quarterly sales came in at $2.21 billion, versus expectations of $2.24 billion.

Campbell said it sees FY22 adjusted EPS of $2.75-$2.85, versus analysts’ estimates of $2.79

Equities Trading UP

Bumble Inc. (NASDAQ:BMBL) shares shot up 47% to $24.50 after the company reported Q4 results, which showed a 29% increase in Bumble App paying users. Bumble App revenue increased 42.2% year over year.

Shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) got a boost, shooting 41% to $9.49 after the company announced it has signed a multi-launch agreement with SpaceX for planned direct-to-cell phone connectivity.

Direct Digital Holdings, Inc. (NASDAQ:DRCT) shares were also up, gaining 70% to $2.0450. Benchmark initiated coverage on Direct Digital with a Buy rating and announced a price target of $8.

Also check this: Cisco Systems And 3 Other Stocks Sold By Insiders

Equities Trading DOWN

Natera, Inc. (NASDAQ:NTRA) shares tumbled 32% to $37.00 after Hindenburg Research issued a short report on the stock.

Shares of Cricut, Inc. (NASDAQ:CRCT) were down 27% to $10.20 after the company reported worse-than-expected Q4 sales results.

Invacare Corporation (NYSE:IVC) was down, falling 24% to $1.78 following Q4 results.

Also check out: Executives Buy Around $1M Of 5 Penny Stocks

Commodities

In commodity news, oil traded down 4.1% to $118.61, while gold traded down 1.8% to $2,005.90.

Silver traded down 1.6% Wednesday to $26.460 while copper fell 2.3% to $4.6030.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 rose 3.98%, London’s FTSE 100 gained 2.57%, while Spain’s IBEX 35 Index jumped 4.26%. The German DAX jumped 6.76%, French CAC 40 climbed 6.25% and Italy’s FTSE MIB Index surged 6.15%.

Industrial production in Italy fell 3.4% from a month ago in January, while payroll employment in the France’s private sector increased by 0.6% to 20.06 million in the fourth quarter.

Economics

The number of job openings in the fell to 11.263 million in January versus a revised 11.448 million in the prior month.

US crude-oil inventories dropped 1.9 million barrels last week, the Energy Information Administration said.

Check out this: Executives Sell Around $113M Of 4 Stocks

COVID-19 Update

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 81,012,950 cases with around 987,610 deaths. India confirmed a total of at least 42,975,880 cases and 515,380 deaths, while Brazil reported over 29,144,960 COVID-19 cases with 652,930 deaths. In total, there were at least 450,186,760 cases of COVID-19 worldwide with more than 6,037,860 deaths.