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Energy stocks jump, S&P 500 struggles for direction heading towards closing bell

Clyde Edgerton by Clyde Edgerton
July 7, 2023
in Markets
Energy stocks jump, S&P 500 struggles for direction heading towards closing bell
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Energy stocks were climbing sharply Friday afternoon, while the S&P 500 struggled for direction, as U.S. oil prices saw their largest weekly gain since early April. The S&P 500’s energy sector XX:SP500.10 was up 2.3% heading toward the closing bell Friday, while the broader U.S. stock market was mixed, according to FactSet data, at last check. The S&P 500 SPX was about flat in late afternoon trading, while the Dow Jones Industrial Average DJIA slipped 0.3% and the technology-heavy Nasdaq Composite COMP gained 0.2%. Meanwhile, West Texas Intermediate crude CL00 CL.1 CLQ23 for August delivery rose 2.9% on Friday to settle…



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