financetom
Market
financetom
/
Market
/
Sector Update: Energy Stocks Gain Monday Afternoon
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Energy Stocks Gain Monday Afternoon
Jun 9, 2025 11:23 AM

01:57 PM EDT, 06/09/2025 (MT Newswires) -- Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index up 0.9% and the Energy Select Sector SPDR Fund (XLE) rising 1.1%.

The Philadelphia Oil Service Sector index climbed 2.1%, and the Dow Jones US Utilities index was fractionally higher.

Front-month West Texas Intermediate crude oil rose 0.4% to $64.83 a barrel, and the global benchmark Brent crude contract advanced 0.3% to $66.68 a barrel. Henry Hub natural gas futures were 4.4% lower at $3.62 per 1 million BTU.

In corporate news, Baker Hughes ( BKR ) said Monday that it will sell its precision sensors and instrumentation product line to Crane (CR) for $1.15 billion as part of its efforts to optimize its portfolio for better returns. Baker Hughes ( BKR ) shares added 1.7%.

Cameco ( CCJ ) shares jumped past 11%. The company said late Friday that it expects a roughly $170 million rise in its share of Westinghouse Electric's Q2 and 2025 adjusted earnings before interest, taxes, depreciation, and amortization.

Halliburton ( HAL ) shares rose 2.9% after the company said it has been selected by Repsol Resources to support the full well lifecycle of its platform assets in the UK North Sea.

Sunnova Energy International ( NOVA ) said it has filed for Chapter 11 bankruptcy in Texas.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Financial
Sector Update: Financial
Apr 25, 2024
03:30 PM EDT, 04/25/2024 (MT Newswires) -- Financial stocks fell in late Thursday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) both down 0.3%. The Philadelphia Housing Index eased 0.1%, and the Real Estate Select Sector SPDR Fund (XLRE) shed 0.5%. Bitcoin (BTC-USD) rose 0.7% to $64,690, and the yield for 10-year US...
TREASURIES-Yields highest since November as inflation stays sticky
TREASURIES-Yields highest since November as inflation stays sticky
Apr 25, 2024
(Updated at 15:00 EDT) By Karen Brettell April 25 (Reuters) - U.S. Treasury yields hit more than five-month highs after data on Thursday showed that a measure of inflation rose more than expected in the first quarter, even as growth was weaker than thought. Gross domestic product increased at a 1.6% annualized rate last quarter, below economists' expectations for a...
US STOCKS-Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
US STOCKS-Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
Apr 25, 2024
* Alphabet, Microsoft ( MSFT ) and Intel ( INTC ) set to report after closing bell * IBM ( IBM ) down after HashiCorp ( HCP ) deal, disappointing Q1 revenue * Caterpillar ( CAT ) falls on downbeat Q2 sales forecast * Indexes down: Dow 1.21%, S&P 0.69%, Nasdaq 0.93% (Updates to 2:57 PM ET) By Chibuike Oguh...
US stock indices tumble after weak data
US stock indices tumble after weak data
Apr 25, 2024
US stock indices fell on Thursday following disappointing US data earlier today. US GDP growth came in at 1.6% in the first quarter of 2024, down from 3.4% in the fourth quarter of 2023, while analysts expected a 2.4% growth rate. US personal spending, a major driver of growth, rose by 2.5% in the last quarter, down from 3% in...
Copyright 2023-2025 - www.financetom.com All Rights Reserved