While recession fears triggered by the return of the Fed's hawkish tone and rising COVID cases in China resulted in risk-off trading, a round of strong economic data lent some support to the stocks.
After outperforming this year, the energy sector has been witnessing decline over the past month. This is especially true as oil prices have dropped to the lowest since last December.
Wall Street was downbeat last week. Rising rate worries and recessionary fears were the key concerns.
Wall Street was downbeat last week, with losses seen in all major indexes
Investors in Direxion Shares ETF Trust - Daily S&P Oil & Gas Exp & Prod Bear 2X Shs saw new options begin trading this week, for the September 16th expiration. One of the key data points that goes into...