Stock Market Today: Energy Leads, Tech Lags, As Interest Rates Keep Rising

The rotation into cyclicals and value was in full gear Monday as the 10-year Treasury yield briefly eclipsed 1.5% for the first time in months.

Oil rigs
(Image credit: Getty Images)

The new trading week kicked off Monday with various market sectors taking off in different directions.

Cyclical and value stocks continued their recent ascent. Exxon Mobil (XOM, +3.0%) and Halliburton (HAL, +5.4%) helped make energy (+3.6%) the strongest sector of the day, driven by a 2.0% increase in U.S. crude oil futures to a two-month high of $75.45 per barrel.

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Disclaimer

Kyle Woodley was long NVDA as of this writing.

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Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.


Kyle was previously the Senior Investing Editor for Kiplinger.com, and the Managing Editor for InvestorPlace.com before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 


You can check out his thoughts on the markets (and more) at @KyleWoodley.