Oil And Gas Stocks Are Soaring. Here's Why the S&P 500 Doesn't Care
Energy is 2021's best-performing sector after being the worst-performing sector in 2020. But it makes up less than 3% of the S&P 500, so its gain doesn't really move the needle.
Similarly, the energy sector makes up less than 3% of the Dow Jones Industrial Average, and the tech-heavy Nasdaq hardly includes any energy stocks. Cryptocurrency, electric vehicles, and big tech have captured the spotlight so far this year, but energy has been hotter than ever. Here's why the energy sector is doing well, as well as three stocks worth buying now.
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Source Fool.com
