Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.
Author: Gordon Kristopher
The energy sector, which accounts for ~6.2% of the S&P 500, fell 0.54% on August 2. XLE fell ~0.55% to $75.63 on the same day.
Brent oil (BNO) futures fell 2.5% to $72.39 per barrel on August 1. September WTI oil (USO) futures contracts fell 1.6% to $67.66 per barrel on the same day.
The S&P 500 Index fell ~0.66% to 2,818.82 on July 27 due to disappointing second-quarter earnings results from some of the technology companies.
The S&P 500 Index rose ~0.18% to 2,806.98 on July 23, supported by the rise in the financial sector and expectations of strong Q2 results.