Stock Market Update
27-Dec-24 11:00 ET
Energy sector outperforms amid rising oil prices
Dow -377.29
at 42948.51,
Nasdaq -372.43
at 19686.42,
S&P -77.42
at 5959.87
[BRIEFING.COM] There hasn't been a lot of up or down movement at the index level in recent trading.
Earlier, the weekly EIA Natural Gas Inventories showed a draw of 93 bcf vs a draw of 125 bcf last week. Natural gas futures are down 0.8% to $3.69/mmbtu, dropping in response to the EIA Inventories.
On a commodity-related note, WTI crude oil futures are 1.0% higher at $70.28/bbl.
The price action in oil has boosted the S&P 500 energy sector, which shows a 0.5% gain. It is the only sector trading higher.
