Stock Market Update
10-Jun-26 13:55 ET
Energy sector supported by oil spike
Dow -648.52
at 50223.59,
Nasdaq -307.57
at 25392.24,
S&P -71.56
at 7315.09
[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.
