Stocks Ended Higher as Tech Shares Surged

U.S. stocks ended higher on Wednesday, led by tech shares, pushing the S&P 500 and the Nasdaq Composite to another round of records. The Dow Jones Industrial Average rose 83.48 points, or 0.30%, to 28,331.92. The S&P 500 advanced 35.11 ponts, or 1.02%, to 3,478.73. The Nasdaq Composite gained 198.59 points, or 1.73%, to 11,665.06.

Oil futures settled on a mixed note Wednesday, with U.S. prices holding ground at their highest finish since early March but global benchmark prices slightly lower, as the U.S. Gulf Coast braced for Hurricane Laura and potential damage to the region’s energy infrastructure. West Texas Intermediate crude for October delivery inched up by 4 cents, or 0.1%, to settle at $43.39 a barrel. October Brent crude lost 22 cents, or 0.5%, to $45.64 a barrel.