The Energy Select Sector SPDR Fund is trading lower by 6.3% during Thursday's session. Investors stepped back from Wednesday's risk-on rally and locked in profits.
U.S. stocks surge after Trump hints at trade progress, easing fears of disruption. S&P 500 up 3%, tech-heavy Nasdaq 100 outperforms. Semiconductors lead sector rally.
Dip-buying absent in early NY trading, Wall Street deep in red as trade war fears escalate despite strong jobs report. Investors on edge for hints from Fed Chair Powell.
The first quarter of 2025 ended on a challenging note for the financial markets, as the S&P 500 posted a 4.6% decline, its first quarterly loss since Q3 2023.
We knew the markets probably weren’t going to respond well to the tariffs, but the breadth and depth of them provoked a virtual instant selloff in aftermarket trading yesterday.
The energy sector ETF has been consolidating between $80 and $100 since mid-2022 and is nearing key resistance, which could confirm a multi-year breakout.
