Energy markets are the worst-performing sector of the day, see which ETFs sold off
- At the close of trading on Tuesday, U.S. markets finished red across the board. The Dow, S&P 500, and Nasdaq all closed negative on a risk-off day of trading. The energy sector was the market's worst-performing segment.
- The energy market was the lagging performer as crude oil prices fell to $61.50/bbl and finished at $62.51/bbl.
- Oil prices which declined on the day, had a lot to due to with the fact that there has been a resurgence of COVID-19 cases in India, the world's third-largest importer of oil.
- See below a breakdown of the market sectors along with some of the day's worst-performing exchange traded funds.
- DWA Energy Momentum Invesco ETF (NASDAQ:PXI): -5.81%.
- S&P Smallcap Energy Invesco ETF (NASDAQ:PSCE): -5.59%.
- S&P Oil & Gas Eqpt & Services SPDR (NYSEARCA:XES): -5.48%.
- US Oil Equipment & Services Ishares ETF (NYSEARCA:IEZ): -4.96%.
- Oil Services Vaneck ETF (NYSEARCA:OIH): -4.80%.
- Dynamic Oil & Gas Services Invesco ETF (NYSEARCA:PXJ): -4.63%.
- S&P Oil & Gas Expl & Prod SPDR (NYSEARCA:XOP): -4.50%.
