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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

Exchange-traded funds tracking the energy sector surged on Monday after Pfizer PFE.
+ 9.60%
And BioNTech BNTX,
+ 13.57%
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,
+ 13.70%
SPDR S & P Oil and Gas Exploration and Production ETF XOPs have earned nearly 13%, representing the sharpest daily rise since March 24th.
+ 15.05%
It also surged nearly 13%, aiming for the best day since March 13. Meanwhile, West Texas Intermediate Crude Oil CL.1 delivered in December
+ 9.10%
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,
+ 29.26%,
National Oilwell Varco Inc. November,
+ 25.80%
And Diamondback Energy Inc. FANG,
+ 25.40%,
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

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