Oil and Broader Market Make Energy ETFs Bleed
On October 5–12, US equity indexes fell. Last week, the S&P 500 (SPY), the the Dow Jones Industrial Average (DIA), and the S&P Mid-Cap 400 (IVOO) fell 4.1%, 4.2%, and 4.9%, respectively. Energy stocks form ~5.9%, 5.2%, and 5.1%, respectively, of these equity indexes.