U.S. equity futures were trading lower, as earnings results from some major technology names disappointed.
Microsoft shares were 5.6% lower in premarket trading after the software giant reported revenue of $50.12 billion, higher than the same-period a year ago and besting Wall Street estimates of $49.6 billion. U.S. West Texas Intermediate crude futures traded around $84.00, reversing the previous session's gain.
On Wall Street, the S&P 500 gained 1.6% 3,859.11. The Dow Jones Industrial Average rose 1.1% to 31,836.74. The Nasdaq advanced 2.3% to 11,199.12.The average price of a gallon of gasoline slipped on Wednesday to $3.764, according to AAA, continuing a recent trend.On Sunday, that same gallon of gasoline cost $3.796 nationwide. One week ago a gallon of gasoline cost $3.87.Posted by Ken MartinOil prices turned higher early Wednesday after industry data showed U.S.
U.S. crude inventories rose by about 4.5 million barrels in the past week. a market source tells Reuters, citing figures from the American Petroleum Institute.
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