Falling oil prices continue to put pressure on energy stocks. Now at a six-month low, the S&P 500 Energy sector is down nearly 19% this quarter, by far the worst-performing sector in the S&P 500 since July 1. Today, the sector is down more than 1 percent as oil prices fell below the $114 level. With the decline today, the energy sector’s weighting in the S&P 500 is now less than the weighting of the healthcare sector. Recall that not even a month ago, the energy sector was the second biggest in S&P 500, with a nearly 16 percent weighting (see story here) in the index.
Healthcare Passes Energy: Weightings in S&P 500
- Technology 17.07%
- Financials 15.57%
- Healthcare 12.80%
- Energy 12.75%
Some of the biggest losers today in the Energy Sector include Peabody Energy , Consol Energy , National Oilwell , Apache Energy , and Transocean Inc.
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