Stock Market Today: Energy Rises, Comms Fall on Mixed Monday
by Kyle Woodley
Feb 07, 2022
2 minutes
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.
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