U.S. stocks traded higher midday Wednesday, as investors eyed a continuing rotation from defensive and momentum-driven stocks to cyclical and value-oriented ones, and awaited further clarity on central bank stimulus plans and international trade negotiations.

How are the major benchmarks performing?

The Dow Jones Industrial Average DJIA, +0.43%  rose 109 points, or 0.4%, to 27,019, while the S&P 500 index SPX, +0.52%  advanced 14 points, or 0.5%, at 2,994. The Nasdaq Composite index   COMP, +0.91%  gained 71 points, or 0.9%, to 8,155.

The Dow saw its fifth straight gain Tuesday, rising 73.92 points, or 0.3%, to end at 26,909.43 — marking its longest winning streak since a six-day run that ended on June 10. The S&P 500  eked out a gain of 0.96 point to

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