Stock Market Update
05-Oct-26 12:30 ET
Energy sector firmly higher despite lower oil prices
Dow +31.01
at 51207.88,
Nasdaq +214.09
at 27425.99,
S&P +41.58
at 7764.40
[BRIEFING.COM] The S&P 500 (+0.5%), Nasdaq Composite (+0.7%), and DJIA (+0.1%) continue to steadily tick higher toward session highs, with gains across ten S&P 500 sectors.
The energy sector (+1.1%) is among the day's stronger performers despite WTI crude falling $0.83 (-1.0%) to $90.28 per barrel. Oilfield services names are providing notable leadership, with Halliburton (HAL 33.08, +1.22, +3.85%), Baker Hughes (BKR 57.88, +1.88, +3.35%), and SLB (SLB 50.43, +1.69, +3.46%) extending their rebounds from last week's lows.
Refiners are also extending their record runs, with Valero Energy (VLO 418.21, +11.91, +2.93%) and Marathon Petroleum (MPC 432.03, +9.70, +2.30%) moving higher following a Bloomberg report that the Trump administration plans to lower limits on tax-exempt diesel.
Separately, Saudi Aramco lowered prices for Asian buyers while raising prices for European customers, while its CEO cautioned that global oil inventories remain very low and could take two years to replenish.
