S&P Energy Sector Gains 2.8% in 2 Days as Airlines Drop 3.7%
Updated
Updated · CNBC · Jul 7
S&P Energy Sector Gains 2.8% in 2 Days as Airlines Drop 3.7%
3 articles · Updated · CNBC · Jul 7
Summary
The S&P energy sector has climbed 2.8% over the past two sessions, making it the top-performing sector so far this week.
Airlines have moved the other way, with the S&P airline industry down 3.7% in two days, underscoring a sharp split in market leadership.
That rotation comes as investors also track other pockets of momentum and weakness, including Meta up 5.6% in two days and 9% so far in July despite remaining down 6.7% for 2026.
Wednesday's next catalysts include Levi Strauss earnings, Costco monthly sales and a CNBC report on used autos, while markets also watch SK Hynix's planned U.S. listing on Friday.