Stock Market Update
28-Aug-24 11:00 ET
Crude oil and nat gas prices weigh down energy sector
Dow +21.12
at 41271.62,
Nasdaq -177.23
at 17577.58,
S&P -20.12
at 5605.68
[BRIEFING.COM] The Dow Jones Industrial Average trade near its flat line while the S&P 500 and Nasdaq Composite pullback from earlier levels.
A short time ago, the weekly EIA Crude Oil Inventories had a draw of 846,000 barrels versus last week's draw of 4.65 million barrels. WTI crude oil futures trade 1.0% lower at $74.76/bbl.
On a commodity related note, natural gas futures show a 1.1% decline, trading at $2.06.
The price action in crude oil and natural gas has contributed to the underperformance of the S&P 500 energy sector (-0.3%).
