As the natural gas Oct. 22 futures retreated from record highs of $9.98 per cubic foot to $8.27 per cubic foot, the SPDR Energy Select Sector Fund (ARCA: XLE) fell by .80%.
The United States Oil ETF (NYSE: USO) dropped 1% but the Energy Select Sector SPDR Fund (NYSE: XLE) gained 0.5% on Wednesday as investors digest mixed data on the strength of the global economy and the outlook for energy dema
The Energy Select Sector SPDR Fund (NYSE: XLE) was up 34.45% year-to-date, alongside major energy names such as Exxon Mobil Corp (NYSE: XOM) and Chevron Corporation (NYSE:
The Energy Select Sector SPDR Fund (NYSE: XLE) is up 31.09% year-to-date, alongside major energy names like Exxon Mobil Corp (NYSE: XOM) and Chevron Corporation (NYSE:
Some may think strong payroll numbers would be good for the stock market. And usually, that would be right. But this morning, futures dipped sharply on a solid jobs report, nonfarm payrolls rose by 528,000 in July, crushing the estimates of 258,000.
Slow Start: 2022 has been a brutal year for stocks. In fact, the first six months of the year were the worst first six months for the stock market in more than 50 years, according to NPR.