A Jolt For Energy

Energy surged 3.16% as Middle East conflict drove oil prices higher, marking its best day since early 2026.

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Energy rallied 3.16% yesterday, outpacing the next-best sector by almost 2.5 percentage points. The move comes as military action in the Middle East has resumed, sending oil prices sharply higher. It was Energy’s best day since February 3, 2026, and, as shown below, only a handful of sessions over the past few years have produced a larger gain.

The Energy sector is up 128.5% over the last five years, but most of its biggest daily gains were concentrated early in that period. Of the 48 days when the sector gained at least 3%, 42 occurred during the first half of the five-year span. Just eight have occurred over the past two and a half years, including two in the last week.

Compared to other S&P 500 sectors, Energy leads the index month-to-date, up 6.8% through Monday’s close. Financials has also had a good start to July with a gain of 4.44%, while Industrials, Technology, Materials, and Consumer Discretionary are lower.

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