Stock Market Update
06-Mar-25 11:05 ET
Commodity futures trade lower
Dow -126.26
at 42880.02,
Nasdaq -161.52
at 18391.21,
S&P -39.17
at 5803.35
[BRIEFING.COM] The major indices moved mostly sideways in recent action.
Earlier, the weekly EIA Natural Gas Inventories showed a draw of 80 bcf versus a draw of 261 bcf last week. Natural gas futures were already lower ahead of the release, trading down 3.0% at $4.31/mmbtu. This marks a 39% increase in 2025.
Other commodities also trade lower. WTI crude oil futures are down 0.8% to $65.78/bbl, which marks a 8.2% decline since the start of 2025. The drop in oil prices is a manifestation of growth concerns that have plagued the market of late.
Copper futures are also lower today by 0.1% to $4.79/lbs, but have moved higher so far this year by about 40%.
