Dow Jumps 250 Points; U.S. Bancorp Earnings Top Views

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining over 250 points on Wednesday.

The Dow traded up 0.59% to 42,994.38 while the NASDAQ fell 0.05% to 18,306.79. The S&P 500 also rose, gaining, 0.19% to 5,826.42.

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Leading and Lagging SectorsUtilities shares jumped by 0.8% on Tuesday.

In trading on Tuesday, consumer staples shares fell by 0.5%.

Top Headline

U.S. Bancorp (NYSE:USB) posted better-than-expected quarterly earnings on Wednesday.

The company reported third-quarter adjusted earnings per share of $1.03, beating the analyst consensus estimate of 99 cents. Quarterly revenues of $6.864 billion missed the analyst consensus estimate of $6.895 billion.

Equities Trading UP                       

180 Life Sciences Corp (NASDAQ:ATNF) shares shot up 713% to $12.36. 180 Life Sciences interim CEO said that the company is planning to enter the ...