U.S. markets ticked up moderately in midday trading Thursday as crude oil climbed nearly 2% to about $45.50 a barrel, helping to lift oil-and-gas stocks across the board.
The S&P 500 and Dow Jones Industrials climbed about 0.3% and 0.6%, respectively, while the Nasdaq was up roughly 0.4%.
Meanwhile, Wynn Resorts (WYNN) , a member of Real Money's Vice Squad watch list, was trading down about 4% in midday trading following news the Las Vegas-based casino operator was downgraded to Neutral from Overweight by J.P. Morgan Securities.
The firm also cut its price target on WYNN to $94 from $101, as growth concerns loom, particularly over the global casino chain's Macau operations.
Shares of JPMorgan Chase (JPM) also increased about 2% in afternoon trading after reporting better-than-expected results for its second quarter, helping to also buoy industry-peer Bank of America (BAC) by about 2%.
JPM's earnings offered a peek into the broader commercial banking market. It posted earnings per share of $1.55, topping Wall Streets analysts by 12 cents, while sales of $25.2 billion topped sales projections by around $1 billion.