Stocks rose on Wednesday and looked to rise for the first time in three sessions.
The S&P 500 and the Dow Jones indexes were higher on Wednesday after sliding for two straight sessions, while the Nasdaq remained muted as Netflix kicked off quarterly earnings for technology behemoths with a disappointing report. The streaming service provider tumbled 7.1% as it reported slower subscriber growth in the first quarter after a pandemic boom.
Oil has come a long way from the depths of last April's negative prices. In fact, some of the top gainers of the S&P 500 this year are energy-related names like Diamondback Energy (FANG), Marathon Oil (MRO), EOG Resources (EOG), ExxonMobil (XOM), Occidental Petroleum (OXY) and Devon Energy (DVN).