Stock market news lives updates: Stocks rise, oil sinks amid flurry of economic data

Stocks were higher near midday on Wednesday, though off their best levels of the day, during the week’s final full trading session for U.S. investors.

Near 12:35 p.m. ET on Wednesday, the S&P 500 was up 0.2%, the Dow was unchanged, and the Nasdaq was higher by 0.5%. Earlier in the session the Nasdaq had been up by as much as 1%.

The biggest move in markets on Wednesday was coming from energy markets, with the price of WTI crude oil down nearly 5%, falling as much as 4.7% in midday trade to as low as $77.10 a barrel.

U.S. markets will be closed for Thanksgiving, and markets are open for just a half day on Black Friday.

The move higher in stocks comes amid a busy day for economic data, with reads on the labor market, housing market, and manufacturing sector all coming out early Wednesday.

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