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U.S. stocks finished slightly lower on Monday as artificial intelligence stocks extended their recent slide, with investors continuing to rotate away from high-flying tech names ahead of a critical week of delayed economic data.
Market Drivers: Certain AI stocks bogged down the broader market during Monday's session, with shares of Broadcom and Oracle—two names that led a rotation away from AI last week—declining more than 5% and more than 2%, respectively. Others like Microsoft also suffered some losses.
The market wiped out an initial 0.5% gain and moved lower after the opening bell, with megacap tech serving as a source of weakness. Small cap names lagged, with the Russell 2000 trailing the S&P 600.
Sector Performance: Investors moved instead to areas more sensitive to the economy, such as consumer discretionary and industrials. They also loaded up on health-care shares. Energy was the lagging sector as both crude and natural gas continued to slide, while biopharma and managed care names mainly traded higher.
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by Andreas Exarheas|RigZone.com| In a statement sent to Rigzone late Wednesday, U.S. Geological Survey...
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Baker Hughes and Hunt Oil Company have signed a joint framework agreement aimed at...
The history of the global oil and gas industry is inextricably linked to the...
(Reuters) Activist investment firm Kimmeridge Energy Management has submitted a $6 billion offer to...
WASHINGTON (AP) — Oil companies offered $300 million for drilling rights in the Gulf...
Two authoritative outlooks are shaping the 2026 oil narrative, pointing in different directions. On...
Japan Petroleum Exploration Co Ltd has spent decades quietly building an international upstream portfolio,...
Mella McEwen | Midland Reporter-Telegram | ExxonMobil has released its updated corporate plan through...
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