Stock Market Update
07-Oct-24 12:35 ET
S&P 500 hits fresh low, but moves remain modest
Dow -271.00
at 42081.75,
Nasdaq -53.33
at 18084.52,
S&P -24.56
at 5726.51
[BRIEFING.COM] The S&P 500 (-0.4%) dropped to a fresh session low in recent action.
Oil prices continue to climb due to lingering worries about a potential escalation in the Middle East. WTI crude oil futures briefly traded above $77.00/bbl in recent action before pulling back to $76.96/bbl.
This price action has contributed to the positive action in the S&P 500 energy sector (+0.7%). The only other sector trade higher is information technology (+0.3%) thanks to some mega cap components.
