March 9, 2017 / 6:46 PM / a year ago

BUZZ-US energy stocks frying in oil

** U.S. energy stocks continue to slide Thurs with the S&P 500 energy index off 0.8 pct, adding to its plunge on Weds

** SPNY now off 3.8 pct WTD; index on course for worst weekly performance since Jan 2016

** Decline accelerates as US oil prices drop below $50 for first time this year; Energy again easily the biggest drag on the S&P 500

** Pain felt across the spectrum as nearly every component in both the SPNY and S&P 1500 Energy Index is in the red

** Integrated co Chevron, down 0.6 pct, and services co Halliburton, off 2.2 pct, are biggest SPNY drags

** Session’s sole survivor so far is Marathon Oil Corp , which is up 4 pct after shale E&P announced a buy of Permian basin acreage and exit from Canadian oil sands

** Energy Select Sector SPDR Fund falling further; this, after closing Weds below its 200-DMA for first time since mid-Apr 2016

** SPNY mired at bottom of all SPX sectors, down 9 pct YTD vs SPX gain of 5.5 pct

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