Stock Market Today: S&P Energy Sector Sinks 3% As U.S. Oil Nears Lowest Price Since 2021

Market Overview - The S&P 500 is experiencing declines, primarily driven by weakness in healthcare, energy, financials, and utilities sectors [1] - The Russell 2000 index is down over 1%, while the Dow and S&P 500 are also showing negative performance [2] - The Nasdaq, however, is down only 0.52%, appearing relatively stable compared to other indices [2] Sector Performance - The energy sector has been notably impacted, with West Texas Intermediate oil prices falling nearly 3%, dipping below $55, leading to a 3% decline in the S&P 500 Energy Sector [5] - The Dow lost over 302 points, with 19 of its 30 holdings declining, particularly in financials, healthcare, and energy [3] - The Russell 2000 finished at 2,519.30, down 20 basis points, reflecting weakness across various sectors [4] Notable Stocks - Nvidia remains a standout performer, with a slight increase of 0.14%, amidst broader market declines [1] - Sezzle, a buy now, pay later firm, saw a significant rise of 10.8% following the announcement of a $100 million stock buyback program [9] - UBS Group experienced a 4.8% increase due to institutional activity and easing Swiss regulatory mandates [10] Declining Stocks - Navan Inc reported a decline of 14.3% after widening losses post-IPO and the departure of its CFO [11] - Lumentum Holdings, an optical and photonics company, is down 6.6%, marking a significant drop from previous performance [12] Economic Data - The latest S&P Global PMI readings indicate a decline, with the Composite PMI at 53.0, down from 54.2, and the Manufacturing PMI at 51.8, down from 52.2 [25] - Retail sales grew 3.5% year-over-year in October, a slowdown from the 4.2% growth in September [20]