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Which Oil­-Weighted Stocks Might Trouble Investors?

Robert Scott
Which Oil­-Weighted Stocks Might Trouble Investors?

On October 10, US crude oil November futures fell 2.4% and closed at $73.17  per barrel. Crude oil has struggled to settle above the $75 mark since October 4. In the last trading session, the S&P 500 Index (SPY) and the Dow Jones Industrial Average Index (DIA) fell 3.3% and 3.1%, respectively. On October 10, the Energy Select Sector SPDR ETF (XLE) fell 3.1%. Bearish sentiments might have led the broad fall in the market.