Piper Sandler Maintains Overweight on SLB, Lowers Price Target to $63

9 Of 11 Sectors Fall As Growth Leads

Monday’s regular session has nine sectors lower and two higher, with growth sectors occupying the top two positions. The leaders are separated rather than clustered, with no single gap clearly standing apart from the other breaks across the table.

Shares of oil and gas-related companies are trading higher after reports suggesting that Iran placed its armed forced on high alert for 72 hours. Also, reports of an attempted Houthi strike on Saudi Arabia's Red Sea port of Yanbu and another Iranian strike on a vessel near the Strait of Hormuz may fuel concerns that high energy prices may persist and benefit the sector.

9 Of 11 Sectors Rise In Friday Trading As Cyclicals Lead

Nine of 11 sectors are higher in Friday’s regular session, with cyclical sectors holding the top three positions. The leaders are separated rather than clustered, with no single gap clearly standing apart from the other breaks across the table.