Free Trial

Equity Roundup: Energy Shares Running Out of Gas

US STOCKS

Major indexes have reversed early support, extending session lows last few minutes, Energy sector shares leading the sell-off w/crude prices falling (WTI -2.0 at 77.53). SPX eminis currently trade -6.75 (-0.18%) at 3848; DJIA -32.97 (-0.1%) at 33210.1; Nasdaq -32.97 (-0.1%) at 33210.1.

  • SPX leading/lagging sectors: Energy sector support over last few sessions has evaporated, leading current sell-off -2.05% w/ equipment and services underperforming O&G refiners (HAL -3.03%, BKR -2.93%, SLB -2.13%). next up are Materials (-0.61%) and Communication services (-0.51%), Netflix -0.89%.
  • Leaders: Utilities (+1.03%), Health Care (+0.36%) and Financials (+0.04%) outperforming.
  • Dow Industrials Leaders/Laggers: United Health (UNH) +4.28 at 536.27, Microsoft (MSFT) +1.48 at 207.77, Microsoft (MSFT) +1368 at 238.34. Laggers: Chevron (CVX) -3.50 at 176.13, Caterpillar (CAT) -2.09 at 241.05, Walmart (WMT) -1.48 at 142.33.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.