Crude Oil Down 1%; Performance Food Group Earnings Top Views

U.S. Stock Market Performance - U.S. stocks traded higher, with the Dow Jones index gaining over 400 points, closing up 0.97% at 44,888.04 [1] - The NASDAQ rose 0.14% to 21,711.19, and the S&P 500 increased by 0.24% to 6,461.26 [1] Sector Performance - Health care shares increased by 1% on Wednesday [1] - Utilities stocks fell by 0.7% during the same trading session [1] Company Earnings Reports - Performance Food Group Company (PFGC) reported fourth-quarter adjusted EPS of $1.55, exceeding the analyst consensus estimate of $1.45 [2] - Quarterly sales reached $16.938 billion, surpassing the expected $16.860 billion, reflecting an 11.5% year-over-year increase [2] Commodity Market Updates - Oil prices decreased by 1% to $62.57, while gold prices increased by 0.4% to $3,412.90 [4] - Silver rose by 1.4% to $38.545, whereas copper fell by 0.3% to $4.5115 [4] European Market Performance - European shares showed positive movement, with the eurozone's STOXX 600 rising by 0.52% [5] - Spain's IBEX 35 Index increased by 0.95%, London's FTSE 100 rose by 0.15%, Germany's DAX 40 gained 0.74%, and France's CAC 40 rose by 0.73% [5] Asian Market Performance - Asian markets closed higher, with Japan's Nikkei 225 gaining 1.30%, Hong Kong's Hang Seng up by 2.58%, China's Shanghai Composite increasing by 0.48%, and India's BSE Sensex rising by 0.38% [6] Notable Stock Movements - Bolt Projects Holdings, Inc. (BSLK) shares surged 147% to $5.38 following a year-over-year increase in second-quarter financial results [8] - Sapiens International Corporation N.V. (SPNS) shares rose 44% to $42.54 after Advent agreed to acquire the company in a $2.5 billion deal [8] - WEBTOON Entertainment Inc. (WBTN) shares increased by 80% to $16.88 after announcing a partnership with Disney [8] - Zevra Therapeutics, Inc. (ZVRA) shares dropped 22% to $9.15 after second-quarter results [8] - KinderCare Learning Companies, Inc. (KLC) shares fell 16% to $8.20 after missing second-quarter earnings estimates [8] - ProFrac Holding Corp. (ACDC) shares decreased by 39% to $3.8550 after pricing a $75 million stock offering at $4 per share [8]