The energy sector has slumped nearly 3% since late October, a period during which the S&P 500 has surged 16%. The benchmark index rose 24% for all of 2023, while energy fell 4.8%, the second-largest drop last year among S&P 500 sectors.
Wall St Week Ahead: Red Sea tensions put focus on struggling U S energy stocks zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
A recent rally that has
boosted nearly every corner of the U.S. stock market has left
energy shares behind, and bullish investors are betting upcoming
earnings reports and rising geopolitical tensions.
Red Sea tensions put focus on struggling U S energy stocks streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.