Kiplinger

Stock Market Today: Energy Leads, Tech Lags, As Interest Rates Keep Rising

The new trading week kicked off Monday with various market sectors taking off in different directions.

Cyclical and value stocks continued their recent ascent. Exxon Mobil (XOM, +3.0%) and Halliburton (HAL, +5.4%) helped make energy (+3.6%) the strongest sector of the day, driven by a 2.0% increase in U.S. crude oil futures to a two-month high of $75.45 per barrel.

Declines in big-tech names such as (, -1.7%) and (, -1.9%) tried to pull markets in the other direction.

You’re reading a preview, subscribe to read more.

More from Kiplinger

Kiplinger4 min read
What If I Retired Today?
Halfway through a long, rocky hike in the Great Smoky Mountains, I realized I was in over my head. Underprepared and overwhelmed, I felt done. Whether pushing ahead or turning back, I had 7 miles to travel. Just as I was questioning my life choices,
Kiplinger5 min read
As the Market Falls, New Retirees Need a Plan
Anyone newly retired or nearly so must feel like they have the worst timing in the world. A portfolio tends to be largest near retirement, just before those savings are about to be drawn down. These days, however, most portfolios have lost value; the
Kiplinger5 min read
4 Steps for Managing Income Withdrawals in Retirement
If you’re like most Americans nearing retirement, you’re worried about whether you have enough savings. In fact, only 22% of those approaching retirement believe they’ve saved enough to retire comfortably. At a time when the stock market is down, inf

Related Books & Audiobooks