Stocks were trading mixed, but close to flat, after October jobs offered a bit of a surprise.
Shares of United States Steel surged after posting a solid quarter.
The major indexes are moving higher following positive earnings reports.
The Dow was down nearly 1% Wednesday afternoon.
It's a mixed day of trading with the Dow and S&P 500 on track to close at records with just small gains. The Nasdaq looks likely to miss out.
General Electric shares fall after missing profit estimates, while Skechers stock surged on its quarterly report.
Crude oil prices rallied as the potential for conflict in Iraq threatened to cut off exports.
Consumer stocks drove Wall Street to small gains, though any stronger moves would have to wait until investors get clarity from the Fed this afternoon.
Shares of Walmart jumped higher on Tuesday after the world's largest retailer updated fiscal 2019 forecasts and announced a new share buyback program.
Walmart leads the Dow higher after acquiring small New York City-based company Parcel.