Stock Market Update

07-Aug-24 11:05 ET
Oil prices climb, boosting energy sector
Dow +427.56 at 39425.22, Nasdaq +312.23 at 16679.09, S&P +82.21 at 5322.24

[BRIEFING.COM] The market is moving up toward early session highs. The Nasdaq Composite is nearly 2.0% higher. 

The weekly EIA Crude Oil Inventories showed a draw of 3.73 million barrels following last week's draw of 3.44 million barrels. WTI crude oil futures moved higher in response, up 3.1% today to $75.43/bbl. 

Natural gas futures are also higher, up 3.4% to $2.08/mmbtu, helping boost the energy sector (+1.9%).

Cookies are essential for making our site work. By using our site, you consent to the use of these cookies. Read our cookie policy to learn more.