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Has Wall Street Boosted Energy ETFs despite Oil’s Weakness?

Robert Scott
Has Wall Street Boosted Energy ETFs despite Oil’s Weakness?

On December 21–28, US equity indexes ended in the green. Last week, the S&P Mid-Cap 400 (IVOO), the S&P 500 (SPY), and the Dow Jones Industrial Average (DIA) rose 2.9%, 2.7%, and 2.2%, respectively. Energy stocks form ~5.1%, 5.9%, and 5.2%, respectively, of these equity indexes.