Avery Schumer
4
All posts from Avery Schumer
Avery Schumer in Sector Report,

Energy stocks, after rebounding from the mini-crash, are still poised for big gains

Energy stocks have gone from worst to first — and may even extend gains in the months ahead.

The S&P 500 Index of the largest U.S. stocks dropped 11.1% (with dividends reinvested) in August’s mini-crash from the close of trading Aug. 17 through Aug. 25. Since then, the benchmark has come roaring back, gaining 13.1% from the close on Aug. 25 through Monday.

FactSet

The S&P 500 Index was up 4% this year through Monday’s close, a decent showing considering August’s pain.