# The Dow traded up 2.59% to 47,788.74 while the NASDAQ surged 2.87% to 22,650.38.

*business · news · 2026-04-08 · Benzinga*

## Key points

- The Nasdaq Composite gained over 600 points, rising 2.87% to 22,650.38 on Wednesday.
- U.S. crude inventories increased by 3.1 million barrels, far exceeding the expected 701,000-barrel gain.
- Oil prices dropped sharply by 15.2% to $95.76 despite the inventory build.
- U.S. mortgage applications fell only 0.8% after a cumulative 28.5% drop over the prior three weeks.

**Countries:** United States, Spain, United Kingdom, Germany, France, Japan, China, Hong Kong, India

[Read the full story on Benzinga](https://www.benzinga.com/markets/market-summary/26/04/51714203/crude-oil-dips-over-15-odyssey-marine-exploration-shares-jump)

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