Stock Market Update
03-Jan-25 10:35 ET
Energy sector outperforms
Dow +228.07
at 42620.34,
Nasdaq +193.47
at 19474.26,
S&P +43.78
at 5912.33
[BRIEFING.COM] There hasn't been much up or down action at the index level in recent trading.
The weekly EIA Natural Gas Inventories showed a draw of 116 bcf versus a draw of 93 bcf last week. Natural gas futures trade 4.5% lower at $3.00/mmbtu.
The S&P 500 energy sector is among the top performers despite the price action in natural gas. WTI crude oil futures have trade higher, up 0.9% to $73.74/bbl, building on yesterday's gain and supporting the energy sector. Gains in Chevron (CVX 148.18, +1.48, +1.0%) and Exxon Mobil (XOM 108.12, +0.81, +0.8%) have also contributed to the upside move in the energy sector.
