(CNBC) -- U.S. equities closed higher on Wednesday as investors hoped the testimony from former FBI chief James Comey will be less damaging to President Donald Trump than previously feared.
The Dow Jones industrial average rose about 35 points, with Boeing and UnitedHealth contributing the most gains. The S&P 500 advanced 0.15 percent as financials led advancers, but a more than 1 percent drop in energy stocks capped gains.
West Texas Intermediate futures for July delivery shed 5.13 percent to settle at $45.72 a barrel after the Energy Information Administration reported a surprise build in crude inventories.
Advertisement - story continues below