Stock Market Update
20-Jun-24 11:00 ET
Energy sector leads, benefitting from move in oil
Dow +63.78
at 38898.64,
Nasdaq +33.23
at 17895.46,
S&P +9.32
at 5496.35
[BRIEFING.COM] The market moved mostly sideways in recent trading.
The S&P 500 energy sector (+1.4%) shows the largest gain among the 11 sectors. Exxon Mobil (XOM 111.20, +1.80, +1.7%) and Chevron (CVX 155.56, +2.23, +1.4%) have an outsized impact on sector performance. The top performing stocks in the sector include SLB (SLB 45.37, +0.93, +2.1%) and Hess (HESS 146.54, +3.21, +2.2%).
Upside moves in WTI crude oil futures ($81.27/bbl, +0.57, +0.7%) have acted as support for the energy sector. Meanwhile, natural gas futures trade 3.4% lower to $2.81/mmbtu.
