Energy stocks were the exception amid Wednesday’s broad stock market rally.
The S&P 500 energy sector was down 1.7%. The next-worst performing sector was utilities, down 0.5%. Financials and consumer staples were down 0.1%. The rest of the major sectors were rising.
Valero Energy, Phillips 66, and Marathon Petroleum were all down about 3% or more with WTI Crude oil futures down 1.1%.
Latest News
- Amazon to invest $10bn in North Carolina data centres
- I Asked ChatGPT To Explain How To Make Money Without Working: Here’s What It Said
- When will mortgage rates go down to 5%?
- Apple's App Store generated nearly $1.3 trillion in sales in 2024
- Silver surges past $35/oz level to hit a more than 13-year high
- The Rich Are Shopping in Dollar Stores. What It Means for the Economy.
