us stocks extended gains midway through trading with the nasdaq index jumping 150 points on wednesday the dow traded up 171 to 3386543 while the nasdaq rose 111 to 1368258 the sp also rose gaining 156 to 437768 check out this insiders buy around 98m of 3 stocks financials shares climbed by 27 on wednesday meanwhile top gainers in the sector included prudential bancorp inc nasdaq pbip up 18 and qudian inc nyse qd up 10 in trading on wednesday communication services shares rose by just 06 us crude oil inventories dropped by 2597 million barrels in the week ended february 25th versus a 4515 million increase in the prior period the energy information administration said however analysts were expecting for a 2748 million barrel gain nordstrom inc nyse jwn shares shot up 39 to 2711 after the company reported betterthanexpected q4 eps and sales results the company also issued fy22 guidance shares of arlo technologies inc nyse arlo got a boost shooting 31 to 1134 after the company reported betterthanexpected q4 results the company also issued q1 sales guidance above analyst estimates organogenesis holdings inc nasdaq orgo shares were also up gaining 22 to 886 after the company reported q4 eps results up from last year and betterthanexpected sales results also check this cisco systems and 3 other stocks sold by insiders sab biotherapeutics inc nasdaq sabs shares tumbled 39 to 281 sab biotherapeutics said that due to low hospitalization and death rates in the trial the national institutes of healths nih activ2 program is discontinuing enrollment in its phase 3 covid19 trial shares of karyopharm therapeutics inc nasdaq kpti were down 34 to 688 after the company announced it received feedback from the fda that the current siendo study topline results are unlikely to support an snda approval aka brands holding corp nyse aka was down falling 22 to 543 after the company issued q1 sales guidance below analyst estimates also check out executives buy around 1m of 5 penny stocks in commodity news oil traded up 57 to 10928 while gold traded down 06 to 193150 silver traded down 13 wednesday to 2521 while copper rose 15 to 46695 european shares were higher today the eurozone’s stoxx 600 gained 090 london’s ftse 100 rose 136 while spain’s ibex 35 index rose 162 the german dax gained 069 french cac 40 climbed 159 and italy’s ftse mib index gained 070 annual inflation rate in the eurozone increased to a fresh record high of 58 in february from 51 in january the unemployment rate in germany fell to 5 in february from 51 in january the number of people registered as unemployed in spain declined by 11394 from a month ago to 311 million during february french government budget deficit narrowed to eur 159 billion in january from eur 219 billion in the previous month house prices in the uk surged by 126 yearoveryear in february private businesses hired 475000 workers in february the adp said us crude oil inventories dropped by 2597 million barrels in the week ended february 25th versus a 4515 million increase in the prior period the energy information administration said however analysts were expecting for a 2748 million barrel gain the federal open market committee will release its beige book report at 200 pm et check out this 4 penny stocks insiders are buying check out the full economic calendar here the us has the highest number of coronavirus cases and deaths in the world reporting a total of 80697920 cases with around 977400 deaths india confirmed a total of at least 42938590 cases and 514240 deaths while brazil reported over 28811160 covid19 cases with 649710 deaths in total there were at least 439261310 cases of covid19 worldwide with more than 5986710 deaths