U.S stocks ended higher on Wednesday with help from financial stocks as investors eyed strong economic data. The Dow Jones Industrial Average rose 346.41 points, or 1.40%, to 25,146.39. The S&P 500 gained 23.55 points, or 0.86%, to 2,772.35. The Nasdaq Composite added 51.38 points, or 0.67%, to 7,689.24.
Oil prices fell Wednesday, after a report revealed a surprise weekly climb in domestic crude inventories. July West Texas Intermediate crude fell 79 cents, or 1.2%, to settle at $64.73 a barrel. August Brent crude shed 2 cents to end at $75.36 a barrel.
Record exports shaved the U.S. trade deficit in April for the second straight month. The Commerce Department said Wednesday that the trade deficit dropped to $46.2 billion in April, down from $47.2 billion in March and lowest since September.
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