U.S. stocks were mostly higher, with the Dow Jones index gaining around 200 points on Wednesday.

Shares of Jabil Inc (NYSE:JBL) rose sharply following upbeat quarterly earnings.

Jabil reported quarterly earnings of $3.16 per share which beat the analyst consensus estimate of $3.10 per share.

The company reported quarterly sales of $8.751 billion which beat the analyst consensus estimate of $8.605 billion.

Jabil shares jumped 9.8% to $412.35 on Wednesday.