Stock Market Update

[BRIEFING.COM] The S&P 500 (-0.3%), Nasdaq Composite (-0.2%), and DJIA (-0.3%) are slightly improved from session lows just after midday. 

The energy sector (-0.6%) remains one of the worst-performing S&P 500 sectors today as all of its components trade lower. The sector faces downside leadership from natural gas names as natural gas futures fall $0.17, or 5.3%, to $3.17/MMBtu, while WTI crude trades down $0.10, or 0.2%, at $57.81/bbl after marking a morning high just below its 50-day moving average (58.98).

EQT Corp. (EQT 53.32, -1.31, -2.41%) is the weakest performer in the sector, falling past its 200-day moving average (54.28) toward its lowest close since late October.

Expand Energy (EXE 109.85, -2.17, -1.94%) also underperforms, finding resistance near its 20-day moving average (112.51) with its 200-day moving average (107.65) looming below.