S&P 5000 Edges Higher; US Crude Oil Inventories Fall

U.S. stocks traded higher toward the end of trading, with the S&P 500 recording gains on Thursday.

The Dow traded up 0.24% to 43,179.49 while the NASDAQ rose 0.24% to 18,411.77. The S&P 500 also rose, gaining, 0.08% to 5,847.03.

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Leading and Lagging SectorsInformation technology shares jumped by 0.8% on Thursday.

In trading on Thursday, communication services shares fell by 0.7%.

Top Headline

U.S. crude oil inventories declined by 2.192 million barrels in the week ended Oct. 11, versus estimates of a 2.3 million gain, the EIA said.

Equities Trading UP                       

Gevo, Inc. (NASDAQ:GEVO) shares shot up 18% to $2.6650 after the company announced it secured a DOE conditional commitment loan of $1.46 billion for its net-zero 1 sustainable aviation fuel plant in South Dakota.

Shares of Nixxy, Inc. (NASDAQ:NIXX) got a boost, surging 52% to $3.6010 after the company provided updates on the business including its acquisition strategy in traditional markets and enhancing operations through technology and data analytics.

Iridium Communications Inc (NASDAQ:IRDM) shares were also up, gaining 12% to ...