Stock Market Update
05-Mar-25 11:35 ET
Stocks pullback, energy sector lags
Dow -31.60
at 42489.08,
Nasdaq -91.30
at 18193.86,
S&P -22.72
at 5755.43
[BRIEFING.COM] The S&P 500 (-0.4%) is trending toward its 200-day moving average (5,728) after major indices ran into selling interest.
Seven of the 11 S&P 500 sectors are lower and energy shows the largest decline by a wide margin, trading 3.3% below its prior close. It is responding to dropping oil prices. WTI crude oil futures are 4.4% lower at $65.27/bbl.
Selling increased in WTI crude oil futures after the release of the weekly EIA Crude Oil Inventories, which showed a build of 3.61 million barrels.
The utilities (-1.4%) and technology (-0.8%) sectors are the next worst performers after energy.
