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CPI's Big Loser: Energy Stocks

CPI's Big Loser: Energy Stocks

If stocks are rallying, the energy sector didn't get the memo. Shares of oil companies are sliding because of the weaker than expected inflation report. One of the big takeaways from Wednesday's CPI print was that nearly every component of energy inflation, from gas to fuel oil to utilities, fell in price in July. So it's no surprise to see energy stocks taking a big hit even as the broader market rises.