Investors remained cautious on Monday as cases of the delta variant continued to grow ahead of a slew of key economic data.
The energy sector's weighting in the S&P 500 stands to rise as oil prices step higher, says Bank of America.
News that oil supply will only rise slowly pushed the energy sector fund XLE over 3% Tuesday. Marathon Oil Corporation and Devon Energy Corporation both rose over 12%.
The energy sector has gained 17% in 2021 on expectations of an economic rebound and oil market recovery.
Morgan Stanley’s Mike Wilson told CNBC on Tuesday there will be a bull market after the election no matter who wins the presidency. The chief investment strategist said that regardless of the party in control, there will be another stimulus bill and this will be good for markets in the […]
The S&P 1500 energy sector is now worth about $US700 billion, roughly half of Microsoft‘s $US1.4 trillion market value, a development first reported by Bespoke Group on Monday. The US energy sector has shed hundreds of billions in market value as the price of oil has plummeted this year. On […]
The S&P 500 Energy Sector fell 17% Monday to its lowest level in 14 years. An oil price war over the weekend sent the commodity tumbling and sparked an energy-sector sell-off amid broader market panic about the coronavirus outbreak. Exxon Mobil fell to its lowest in 11 years on Monday, […]
The energy equities sector is set to bottom in 2020, according to a December note from Goldman Sachs. That could set the stage for improved energy equity sentiment later in the year, Goldman Sachs analyst Brian Singer wrote. Here are four energy exploration and production stocks that Goldman Sachs says […]
Apple’s post-earnings surge pushed its market cap past that of the entire US energy sector, Bank of America Merrill Lynch analysts wrote Thursday. The tech giant closed Thursday with a $US1.17 trillion market cap, while the S&P 500 Energy index’s market cap dropped to a cumulative $US1.13 trillion. The analysts […]