Stock Market Update
12-Nov-25 10:55 ET
Oil prices fall on supply projections
Dow +340.32
at 48268.07,
Nasdaq -124.97
at 23343.35,
S&P -4.91
at 6841.69
[BRIEFING.COM] The S&P 500 (-0.1%) has joined the Nasdaq Composite (-0.5%) in negative territory, while the DJIA (+0.7%) maintains a solid gain.
The energy sector (-1.0%) is among the worst-performing S&P 500 sectors today, slumping as the price of oil has fallen $2.08 (-3.4%) to $58.96 per barrel amid reports that OPEC now projects global oil supply to match demand in 2026, as opposed to a previously anticipated supply deficit, according to Reuters.
Chevron (CVX 153.36, -2.88, -1.84%) is among the names in retreat in the midst of its annual investor day, at which the company stated it will target greater than 10% annual free cash flow and EPS growth through 2030.
