Crude Oil Narrows Week's Gain
The S&P 500 trades lower by 0.5% with 30 minutes remaining in the session. The Dow (-0.3%) hovers a bit closer to its flat line while the Nasdaq (-0.6%) underperforms. The energy sector (-3.7%) is today's weakest performer but even with today's sharp slide, the sector remains on track to finish with a 3.5% gain for the week while the next best performer (real estate) has gained 2.0% since last Friday. Crude oil finished today's pit session with a $1.21, or 2.3%, loss at $52.38/bbl. The energy component added $0.13, or 0.3%, for the week.