Exchange-traded funds tracking the energy sector surged on Monday after Pfizer PFE.
And BioNTech BNTX,
They said their vaccine was far better than expected in protecting people from COVID-19 in an important study. The news has triggered a global recovery of perceived risky equities and other assets, especially in energy assets where demand concerns due to the fallout of the coronavirus were high. Energy Select Sector SPD RETFXLE,
SPDR S & P Oil and Gas Exploration and Production ETF XOPs have earned nearly 13%, representing the sharpest daily rise since March 24th.
It also surged nearly 13%, aiming for the best day since March 13. Meanwhile, West Texas Intermediate Crude Oil CL.1 delivered in December
The New York Mercantile Exchange surged 8.8% to $ 40.40 a barrel. Some of the leading winners on Monday, including Valero Energy Corp. VLO,
National Oilwell Varco Inc. November,
And Diamondback Energy Inc. FANG,
Everything is up at least 20% on Monday.
ETFs in the S & P 500 energy sector surged 13% and the Coronavirus Vaccine Report made buyers bold, marking the best day in seven months
Source link ETFs in the S & P 500 energy sector surged 13% and the Coronavirus Vaccine Report made buyers bold, marking the best day in seven months