Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.8%), Nasdaq Composite (-1.3%), and DJIA (-0.6%) continue to trade in a relatively tight range near their session lows. 

Chevron (CVX 204.48, +3.04, +1.51%) is trading at its all-time highs since its merger with Texaco in 2000, according to CNBC. The stock is up 9.5% month-to-date in March, which coincides with the beginning of the war in Iran. The stock is up 34.2% year-to-date, while the S&P 500 is down 4.3% over the same time period. 

The S&P 500 entered today's session less than half of a percentage point below its 50-day moving average of 6,622 but now sits 1.1% below the key technical level.