Stock Market Today: Indexes Fall On Oil Surge; Utilities Dominate Upside, Oil Giant Hits Sell Rule (Live Coverage)

The stock market faced declines as surging oil prices created volatility across major indexes. Utilities showed resilience, maintaining a dominant position amid broader market turmoil. An oil giant triggered a sell rule, indicating potential price corrections ahead. Investor sentiment has shifted towards caution in response to rising energy costs and inflationary pressures. Overall, the market appears bearish in the short term as traders assess the impact of energy prices on corporate profitability.