Energy stocks suffer broad selloff, led by Halliburton, as crude oil falls to more than 5-week low

Energy stocks were suffering a broad beating Tuesday, as a selloff in crude prices was exacerbated by a big decline in the broader stock market. The Energy Select Sector SPDR exchange-traded fund XLE sank 4.4% toward a five-week low, with all 23 equity components losing ground. With the ETF , Chevron Corp.’s stock CVX slumped 4.5%, enough to pace the decliners within the Dow Jones Industrial Average DJIA, which dropped 420 points, or 1.2%. The biggest XLE decliner was Halliburton Co.

Energy stocks were suffering a broad beating Tuesday, as a selloff in crude prices was exacerbated by a big decline in the broader stock market. The Energy Select Sector SPDR exchange-traded fund XLE sank 4.4% toward a five-week low, with all 23 equity components losing ground. With the ETF , Chevron Corp.’s stock CVX slumped 4.5%, enough to pace the decliners within the Dow Jones Industrial Average DJIA , which dropped 420 points, or 1.2%. The biggest XLE decliner was Halliburton Co.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Australia's Origin Energy raises earnings view on unexpected UK gainsAustralia's Origin Energy on Monday sharply raised the full-year earnings outlook for its key energy markets division for a second time, helped mainly by a stronger-than-expected contribution from U.K.-based energy retailer Octopus Energy.
Fonte: Reuters - 🏆 2. / 97 Consulte Mais informação »