Stock Market Update
31-Jul-24 11:35 ET
Oil prices move up in response to geopolitical developments
Dow +219.23
at 40962.36,
Nasdaq +458.27
at 17605.69,
S&P +94.83
at 5531.27
[BRIEFING.COM] There hasn't been much up or down movement at the index level in recent action.
Oil prices are sharply higher, responding to increased geopolitical tension in the Middle East after reports that the political leader of Hamas was killed in Iran. WTI crude oil futures are up 3.3% to $77.21/bbl. Also, the weekly EIA crude oil inventories showed a of 3.44 million barrels following a draw of 3.74 million barrels last week.
The S&P 500 energy sector is trading 0.9%.
