Stock Market Update

[BRIEFING.COM] The S&P 500 (-1.0%), Nasdaq Composite (-1.2%), and DJIA (-1.3%) continue to trade in a relatively stable range following this morning's retreat.

The energy sector (+2.5%) remains today's standout, supported by a $3.27 (+3.7%) increase in the price of oil to $91.47 per barrel. Oil moved to session highs after President Trump said the U.S. would hit Iran with more strikes today.

Within the sector, Devon Energy (DVN 46.89, +2.82, +6.40%) is an outperformer after Evercore ISI upgraded the stock to Outperform with a target of $54. The company also provided an updated FY26 outlook following its merger with Coterra Energy.