Dow Jumps 200 Points; US Wholesale Inventories Fall 0.3% In May

U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 200 points on Wednesday.

Following the market opening Wednesday, the Dow traded up 0.46% to 44,442.42 while the NASDAQ gained 0.95% to 20,611.65. The S&P 500 also rose, gaining, 0.60% to 6,262.70.

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Leading and Lagging SectorsCommunication services shares jumped by 1.6% on Wednesday.

In trading on Wednesday, energy stocks dipped by 0.6%.

Top Headline

U.S. wholesale inventories declined by 0.3% month-over-month to $905.5 billion in May in-line with the preliminary estimate and compared to a 0.1% increase in the previous month.

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