Kiplinger

Stock Market Today: Energy Rises, Comms Fall on Mixed Monday

The stock market followed up on its best weekly performance of 2022 with an up-and-down Monday session.

A slow day on the data front allowed investors to further process last week's better-than-expected January jobs report; that benefited cyclical sectors including energy stocks (+1.3%), which led the way despite a 1.1% decline in U.S. crude oil futures, to $91.27 per barrel. However, communication stocks including Meta Platforms (FB, -5.1%) and Google parent Alphabet (GOOGL, -2.9%) weighed on the major indexes.

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

More from Kiplinger

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
Kiplinger2 min read
Tax-Savvy Charitable Giving With QCDs Can Benefit Both Giver and Receiver
Plenty of retirees like to give back to their communities through charitable donations, but questions often arise over the best way to do that. What approach is efficient, provides the tax benefits you’re after, and also is advantageous for the chari
Kiplinger3 min read
I’ve Inherited a Lot of Money. Now What?
It’s no surprise that many people who inherit millions of dollars are uncertain about what to do with their newfound wealth. The possibilities of becoming a multimillionaire overnight can be overwhelming, especially during a period when most are grie

Related Books & Audiobooks