Stock Market Update

[BRIEFING.COM] The three major indices are in a sideways flow. The S&P 500 sports a 0.3% decline, trading about 20 points lower than yesterday's close.

Only three S&P 500 sectors trade higher led by energy (+1.6%), which is benefitting from the price action in commodities. WTI crude oil futures trade 5.3% higher at $73.84/bbl and natural gas futures trade 2.8% higher at $2.97/mmbtu.

The information technology (+0.3%) and communication services (+0.1%) sectors also trade higher. Their respective mega cap components have provided support to the broader market. Meta Platforms (META 579.95, +7.14, +1.3%), NVIDIA (NVDA 122.53, +3.68, +3.1%), and Broadcom (AVGO 171.16, +0.50, +0.3%) are influential winners from the spaces.