Energy stocks lead March gains in sign of broadening market rally

Yahoo Finance03-28

March has been a solid month for the S&P 500 (^GSPC) — and an even better one for oil- and gas-related stocks. As the month draws to a close, energy has emerged as the top-performing sector. The S&P ...

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The S&P ...</p>\n\n<a href=\"https://finance.yahoo.com/news/energy-stocks-lead-march-gains-in-sign-of-broadening-market-rally-100041049.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Energy stocks lead March gains in sign of broadening market rally</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEnergy stocks lead March gains in sign of broadening market rally\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-28 18:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/energy-stocks-lead-march-gains-in-sign-of-broadening-market-rally-100041049.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>March has been a solid month for the S&P 500 (^GSPC) — and an even better one for oil- and gas-related stocks. \nAs the month draws to a close, energy has emerged as the top-performing sector. The S&P ...</p>\n\n<a href=\"https://finance.yahoo.com/news/energy-stocks-lead-march-gains-in-sign-of-broadening-market-rally-100041049.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_ES","symbol_name":"SP500指数","start_time":0,"source_url":"https://finance.yahoo.com/news/energy-stocks-lead-march-gains-in-sign-of-broadening-market-rally-100041049.html","article_id":"2422996511","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/tFyQEzS7zBCFA8ebRndPbQ--~B/aD01NTA0O3c9ODI1NjthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/os/creatr-uploaded-images/2023-09/48d6e470-5253-11ee-bbfe-683a641644a0"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2422996511","pubTimestamp":1711620041,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"March has been a solid month for the S&P 500  — and an even better one for oil- and gas-related stocks.As the month draws to a close, energy has emerged as the top-performing sector. The S&P 500 Energy Select ETF , which includes oil giants like ExxonMobil , Chevron , and ConocoPhillips , has gained more than 9% compared to the benchmark index's rise of nearly 3% in the same period.Energy's outsized rise comes as oil futures have climbed more than 13% since the start of 2024. West Texas Intermediate  and Brent , the international benchmark price, were trading near $82 and $86 per barrel, respectively, on Wednesday.Falling inventories earlier this month, drone attacks against Russian refineries, and continued output cuts from oil alliance OPEC+ have helped move the price of crude futures higher in March.This week Morgan Stanley analysts upgraded the Energy sector to Overweight from Neutral, noting that earnings could be revised higher. They also cited \"strong breadth and compelling valu","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","SG9999014567.USD":"UOB UNITED INCOME FOCUS TRUST FUND (USD) ACC","SSO":"两倍做多标普500ETF","IVV":"标普500指数ETF","SG9999015358.SGD":"United Income Focus Trust Dis SGD-H","LU1861558580.USD":"日兴方舟颠覆性创新基金B",".SPX":"S&P 500 Index","PXD":"先锋自然资源","BK4588":"碎股","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","NVDA":"英伟达","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","AAPL":"苹果","OEX":"标普100","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","TSLA":"特斯拉","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","SDS":"两倍做空标普500ETF","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","SH":"标普500反向ETF","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","OEF":"标普100指数ETF-iShares","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","SG9999014559.SGD":"United Income Focus Trust Dis SGD","XLE":"SPDR能源指数ETF","FANG":"Diamondback Energy","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","SG9999014575.USD":"UOB UNITED INCOME FOCUS TRUST FUND (USDHDG) INC","SPXU":"三倍做空标普500ETF","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU1506573853.SGD":"MANULIFE GF GLOBAL EQUITY \"AA\" (SGD) INC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","SMCI":"超微电脑","UPRO":"三倍做多标普500ETF","XOM":"埃克森美孚","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","SPY":"标普500ETF","COP":"康菲石油","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK4592":"伊斯兰概念","CVX":"雪佛龙","NFLX":"奈飞","BK4585":"ETF&股票定投概念"},"translate_title":"能源股领涨3月，显示市场反弹扩大","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":1,"XOM":1,"XLE":1,"PXD":1,"FANG":1,"CVX":1,"COP":1,"TSLA":0.9,"NFLX":0.9,"SMCI":0.9,"NVDA":0.9,"SPY":0.69,"OEF":0.6,"OEX":0.6,"SDS":0.6,"SH":0.6,"SPXU":0.6,"SSO":0.6,"UPRO":0.6,".SPX":0.6,"ESmain":0.6,"IVV":0.6},"content_text":"March has been a solid month for the S&P 500 (^GSPC) — and an even better one for oil- and gas-related stocks. \nAs the month draws to a close, energy has emerged as the top-performing sector. The S&P 500 Energy Select ETF (XLE), which includes oil giants like ExxonMobil (XOM), Chevron (CVX), and ConocoPhillips (COP), has gained more than 9% compared to the benchmark index's rise of nearly 3% in the same period. \nEnergy's outsized rise comes as oil futures have climbed more than 13% since the start of 2024. West Texas Intermediate (CL=F) and Brent (BZ=F), the international benchmark price, were trading near $82 and $86 per barrel, respectively, on Wednesday.\nFalling inventories earlier this month, drone attacks against Russian refineries, and continued output cuts from oil alliance OPEC+ have helped move the price of crude futures higher in March. \n\nThis week Morgan Stanley analysts upgraded the Energy sector to Overweight from Neutral, noting that earnings could be revised higher. They also cited \"strong breadth and compelling valuation.\"\n\"The recent stability of crude prices also points to a catch up in both relative performance and earnings growth, in our view,\" wrote Morgan Stanley's Michael Wilson. \nThe analyst highlights the firm's forecast of $90 per barrel for Brent by the third quarter due to tighter supply-demand balances.\nWilson wrote, \"The divergence between oil prices and the sector's relative performance is likely to close via a catch up in Energy equities.\"\nAmong some of the biggest movers: Diamondback Energy (FANG) is up 26% and Pioneer Natural Resources (PXD) and ExxonMobil are each up roughly 15% year to date. \n\n\n\n  Oil rig and pump of H&P Rig 488 in Stanton, Texas, on June 8, 2023. (SUZANNE CORDEIRO/AFP via Getty Images)\n \n\n  SUZANNE CORDEIRO via Getty Images\n \n\nThe rotation into energy-related stocks marks a reversal from 2023's market action, when XLE ended the year down more than 3% as oil fell 10% from the prior year. \nThe gains this year hint at a broadening of the market rally beyond the Magnificent Seven trade, which itself has shown signs of waning as Tesla (TSLA) and Apple (AAPL) have lost value this year. \n\"We think the Mag Seven is going to become the Lag Seven,\" Piper Sandler chief market technician Craig Johnson told Yahoo Finance Live earlier this month.\n\"At this point in time, we're going to start to see a broadening out of this market,\" he added. \nLast month Bank of America's head of US equity and quantitative strategy Savita Subramanian called for a broadening of the rally by June.\nSubramanian's research showed the other 493 companies in the S&P 500 are expected to grow earnings by more than the Magnificent Seven in the fourth quarter of this year. \nInes Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2422996511"}