Market Update

Stocks have been unable to build on their recent rebound effort, leaving the major equity averages to remain in the red. Although energy stocks had been displaying leadership, the sector’s momentum has stalled. As a result, energy stocks are now up just 0.2% for the day. That said, names like Devon Energy (DVN 67.61, +1.97), Cabot Oil (COG 35.04, +1.00), and Newfield Exploration (NFX 39.40, +1.24) are still sporting gains roughly on the order of 3%.

Market Update