S&P 500 flat as energy spike offsets tech slide
By Rodrigo Campos(Reuters) – Major U.S. stock indexes were mixed in late Monday trading as a spike in energy shares offset sharp declines in large-cap technology names.
Crude prices, which have largely dictated the direction of the stock market this year, were up more than 5 percent. The S&P 500 energy sector <.SPNY>, up 2 percent, rose for the fifth consecutive session, a streak not seen since October. It is up 23 percent from its 2016 low hit in mid-January.
“Oil is stabi
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