Oil Price Bounce Helps Energy Sector Rise
A bounce in oil prices helped the Energy sector of the S&P 500 pace the broader index to its second consecutive winning session and defuse the bump in Treasury yields in the wake of January Fed meeting minutes that tilted dovish, with a subset of the committee keeping the door open to policy tightening if the fight against inflation heats up again. Meanwhile Utilities - a sector trading firmly since early last week - was the worst performer, surrendering some of its February gains. Ahead of tomorrow's earnings, Walmart's second consecutive losing sessionalso led Consumer Staples space to the downside.In the opening hour of the evening session, index futures are paring their earlier gains - S&P e-minis, Nasdaq 100 and Dow Industrials are all down about 0.1%. In commodities, WTI Crude Oil is consolidating its robust Wednesday gains around $65 per barrel, while precious metals are trading more stable with some modest downside and an eye on today's greenback rally.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -DoorDashup 12.7%Tronoxup 6.2%eBayup 6.1%Blue Owl Capitalup 4.9%ALSO HIGHER -Etsyup 15.3% after selling Depop to eBay for $1.2BDOWN AFTER EARNINGS -Carvanadown 16.1%Avis Budget Groupdown 12.3%Molson Coorsdown 6.5%CVR Energydown 4.6%Cheesecake Factorydown 3.8%Jack in the Boxdown 2.6%Booking Holdingsdown 0.3%
