Energy ETF Under Pressure (XLE)
In the last several minutes, the Dow Jones Industrial Average has come under increased pressure, and is down about 73 points. One of the weak spots in the market today has been the energy complex which has been hurt by a strengthening dollar on renewed fears over Greece. Crude oil futures have lost $1.77 and are trading just above the critical $80 level at $80.45.
Currently, the Energy Select Sector SPDR ETF (NYSE: XLE) has declined 1.75% to $56.97. Among the major holdings in this ETF are Apache (NYSE: APA), Anadarko Petroleum (NYSE: APC) and ConocoPhillips (NYSE: COP) among many others.
(c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.
We're Loving
