Early Friday, a provisional group of four AI suppliers lagged behind three leading U.S. oil majors by 6.3 percentage points. The Nasdaq began the session down 1.8%.
U.S. markets were on a regular track for Wednesday. Premarket hours ended at 9:30 a.m. ET. Nasdaq's 2026 holiday calendar shows the market will close July 3 for Independence Day, not July 8.
Energy stocks in the U.S. finished June mixed, a split that wasn’t obvious on the sector tape. The Energy Select Sector SPDR Fund dropped along with oil majors and services, while two big refiners gained. The June 29 session was a regular U.S. trading day; according to the NYSE’s 2026 calendar, Juneteenth is observed June 19, with the next stock-market closure for Independence Day on July 3.
Energy stocks in the U.S. head into a short week trading with a more defined separation than crude futures show. Brent crude has pulled back, shedding most of its war risk pricing. But the Energy Select Sector SPDR Fund isn’t tracking oil’s move down point for point.
U.S. energy shares may see heavy swings at Monday’s open after Iran threatened again to block the Strait of Hormuz, a move that questions the basic reason for last week’s steep slide in oil stocks. Reuters, citing vessel tracking, reported no tankers passing the strait since Tehran’s statement on Saturday. The U.S. military, though, said the route is still open.
Energy names closed out the week in a tricky spot, with oil sharply lower but the group hanging on. Brent, the global benchmark, dropped 3.37% to $87.33 a barrel by Friday’s settlement. U.S. benchmark WTI fell 3.23% to $84.88, as markets started to consider the odds of a U.S.-Iran deal. Crude’s slump usually weighs on oil producers’ cash flow and share prices, while a higher oil price can help earnings and stocks.
Energy shares in the U.S. surged to lead the market Friday, thanks to a more than 3% spike in oil prices. Exxon Mobil, Chevron, ConocoPhillips, Occidental Petroleum, SLB, and Halliburton all landed on the day’s watch list ahead of the New York session.
Late Wednesday, U.S. energy names split direction. Exxon Mobil managed a slight 0.4% gain, but Chevron dropped 0.5% and ConocoPhillips shed 0.6%. Oil stuck above $100 a barrel, but concerns about inflation and interest rates kept enthusiasm in check. The Energy Select Sector SPDR Fund slipped 0.1% as of 2:59 p.m. EDT.
Oil jumping past $110 a barrel is giving big energy stocks fresh momentum. Exxon Mobil, Chevron, and ConocoPhillips—those are the U.S. names traders are eyeing first today. Brent crude gained close to 3% as U.S.-Iran negotiations stalled out, leaving the Strait of Hormuz mostly closed off. “The market was rapidly repricing geopolitical risk,” said Rystad Energy’s Jorge Leon.
The Schwab U.S. Dividend Equity ETF is back in focus, with a new quarterly payout and a March reshuffling of its holdings putting dividend strategies back in the spotlight during uncertain times. SCHD hovered near $30.57 late Monday morning in New York.
Schwab U.S. Dividend Equity ETF, with $83.9 billion in assets, pushed further into health care during its annual portfolio shake-up. Abbott Laboratories and UnitedHealth Group are now among its largest holdings, as cash continues to pour into dividend-focused funds.
On Tuesday, the Dow Jones Industrial Average pushed higher, staying north of 47,000 as traders watched for the Federal Reserve’s policy announcement and shrugged off another jump in oil prices linked to the Middle East conflict. The index added 125.40 points, or 0.27%, to finish at 47,071.81 based on delayed Reuters/LSEG figures. The S&P 500 moved up 0.36%, and the Nasdaq tacked on 0.41%.
Thursday saw the Dow Jones Industrial Average drop over 550 points, extending the 30-stock index’s slide below last month’s 50,000 mark as oil sprinted toward $100 a barrel and new strains rattled private credit markets. At 11:53 a.m. ET, the Dow was down 553.49 points, or 1.17%, at 46,861.34. Tanker attacks off Iraq and Iran’s push to keep the Strait of Hormuz shut hit risk appetite.
Occidental Petroleum Corp slipped about 1.1% to $53.59 Tuesday afternoon, giving back an earlier jump of more than 4% in a choppy session. Shares opened at $55, swinging between $56.62 and $53.12 so far.
ConocoPhillips jumped 4.2% on Monday, closing at $118.24, as the rally spilled over to other major U.S. oil stocks. Exxon Mobil added about 1.1%, while Chevron climbed nearly 1.5%.
ConocoPhillips picked up 2.6% to trade at $116.38 early in the afternoon, matching the upswing seen among U.S. oil producers. Exxon Mobil tacked on 1.2%, Chevron was up 1.1%, and Occidental Petroleum moved 1.3% higher.
U.S. energy shares ended the week a bit stronger. The Energy Select Sector SPDR Fund advanced 0.7% Friday to settle at $54.35, bringing its gain since the end of 2025 to roughly 21.6%. For now, the sector’s direction looks tied more to crude supply headlines than to any fresh corporate updates.
Oil traders in the U.S. face Tuesday’s open with a pair of new supply angles in play—an expanded round of Venezuela authorizations from Washington, plus hints from OPEC+ about a possible boost to production starting April.
Oil stocks are bracing for another supply shakeup next week, as OPEC+ — that’s the group of OPEC nations and Russia — is said to favor resuming output hikes in April, sources told Reuters. Eight producers from the alliance are set to gather March 1, following a three-month freeze on planned increases.
Energy shares in the U.S. wrapped up Friday with a new sector high, lifted by a rebound in oil prices late in the week and gains across the wider equity market. Brent crude, a key international gauge, closed out at $68.05 a barrel. U.S. crude ended the day at $63.55.