Stocks Rise Amid Jabil Earnings Beat

U.S. stocks traded higher on Wednesday, with the Dow Jones index gaining around 150 points. Jabil Inc posted better-than-expected earnings for its first quarter, with adjusted earnings of $2.85 per share beating market estimates of $2.70 per share. Energy shares rose by 1%, while information technology stocks fell by 0.1%. Commodities also traded higher, with oil up 1.4% and silver up 4.6%. European and Asian markets closed mostly higher, with the eurozone's STOXX 600 gaining 0.3%.