Crude Oil Helped Wall Street Reach New Historic Highs

May 8, 2017

Crude oil, natural gas, and the S&P 500 Index

Between April 28 and May 5, 2017, US crude oil (USO) (OIIL) (USL) (SCO) June futures fell 6.3% and natural gas (BOIL) June futures fell 0.3%. The broad market S&P 500 Index (VFINX) (SPY) (SPX-INDEX) rose 0.6% during the week.

The Energy Select Sector SPDR ETF (XLE) fell 0.8% during the same period. It was the only loser among the sector SPDR ETFs. The Financial Select Sector SPDR ETF (XLF) rose the most. XLE rose ~1.3% between April 28 and May 5, 2017. The SPDR ETFs’ returns are adjusted for dividends.

Although the S&P 500 Index was already up for the week, despite losses in the energy sector, a bounce in crude oil and natural gas at the end of the week helped the broad market index hit a new record high.

Read more on Market Realist...

<- Go Back
Comments (0) Print Page
 
(Maximum characters: 500)
You have characters left.


The Captcha image
Phonetic spelling (mp3)

Enter Code:

Related Topics

Expert Facts

Just the Facts Read More

 

New Ozone Rules

Most expensive regulations ever 

Industry Insider

Technical Docs for Energy Industry Read More

 

Commentary

Expert Opinions about Energy Read More