Stock Market Update
11-Mar-26 15:30 ET
Sable Offshore surges on emergency powers path to drilling
Dow -373.58
at 47331.82,
Nasdaq -34.12
at 22663.00,
S&P -20.27
at 6763.20
[BRIEFING.COM] The major averages continue to trade modestly lower with just over half an hour left in today's action. The S&P 500 (-0.3%) and Nasdaq Composite (-0.2%) remain in positive week-to-date territory, while the DJIA (-0.8%) moves beneath its baseline for the week amid today's underperformance.
Shares of Sable Offshore Corp. (SOC 17.62, +3.21, +22.28%) surged sharply higher after Bloomberg reported that President Trump is preparing to invoke an emergency powers act to ease permitting for SOC and allow for drilling off the southern California coast.
