By Lewis Krauskopf
NEW YORK (Reuters) – There could also be little aid on the horizon for buyers in U.S. power corporations, whose shares moved from darlings to dismal performers throughout Wall Road’s report bull run and now face a shaky world financial system, doubts about fossil gas investments and basic market skepticism.
Vitality has been the worst performing of the 11 S&P 500 sectors this yr, the worst performer since U.S. President Donald Trump’s 2016 election and the worst performer because the U.S. bull inventory market started greater than a decade in the past.
In consequence, the S&P 500 power sector has its lowest weight within the general S&P 500 <.SPX> since at the very least 1995, in line with Refinitiv Datastream knowledge. It represents beneath 5% of the benchmark index, down from over 15% in mid 2008, when oil costs reached historic highs at over $140 a barrel, almost thrice present ranges.
However this yr, the power sector has even didn’t preserve tempo with oil costs, regardless of their conventional…