Why Oil’s Rise Could Boost Wall Street
Between September 14 and 21, US equity indexes put up a mixed performance. Last week, the Dow Jones Industrial Average (DIA), the S&P 500 (SPY), and the S&P Mid-Cap 400 (IVOO) gave returns of 2.3%, 0.8%, and -0.3%, respectively. Energy stocks comprise about 5.2%, 5.9%, and 5.1%, respectively, of these equity indexes.