S&P 500 Rising as Energy Stocks, Oil Prices Jump
Energy was the S&P 500’s top sector as crude oil prices rebounded in response to growing geopolitical tensions.
With the market benchmark up 0.3%, roughly 327 S&P 500 stocks were on the rise. The Dow was down 117 points, or 0.3%. The Nasdaq Composite was up 0.4%.
With WTI crude oil futures up 4.5% to $69.33 as markets fret about the latest tensions in the Ukraine-Russia war, the S&P 500’s energy sector was up 1.4%. EQT, Diamondback Energy, and Halliburton were among the sector’s top stocks.