The slim gain on the benchmark SP 500 index this month belies the stark difference in performance between April’s top and bottom players
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The broader averages managed to squeeze out slight gains for the month as the Dow climbed 0.5%, and the SP rose 0.27%. The Nasdaq, down four of the last five months, remained stuck in negative territory, closing April down 1.94%.
A deep dive reveals the SP 500’s energy sector – which has so far been beaten-down by low prices, a supply glut, and global production uncertainty – was the top performer in April, rising more than 8% as oil prices found more solid footing. To that point, U.S. crude closed the session on Friday at $45.92 a barrel, up 19.77% for the month – a far cry from the low $20 range seen earlier in the year. The commodity saw its biggest three-month gain since August 2013.
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Article source: http://www.foxbusiness.com/markets/2016/04/29/tech-suffers-steep-april-losses-as-energy-outperforms.html
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