PRESS ROOM
Energy stocks driving US equities in January
Thursday 21st January '21
Equity markets have had positive momentum since vaccine news took centre stage in November. There has, however, been a clear divergence in performance among the different sectors over this period. For the S&P 500 Index, energy has been the top-performing sector by far on the back of a strong recovery in oil prices. Financials are second on the list that have benefited from an improving economic outlook in 2021. The two sectors have maintained their lead so far in January. Communication services are among the weakest sectors this month largely due to the weakness in Twitter’s share price.