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S&P dips, just off record as energy shares fall

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Reuters

By Chuck Mikolajczak NEW YORK (Reuters) – The S&P 500 dipped on Monday, as fuel demand worries during a resurgent pandemic sent energy stocks lower but rising U.S. Treasury yields lifted financial stocks, keeping Wall Street’s benchmark index near record levels. Energy shares were the worst performing of the 11 major S&P sectors, down 1.48% along with crude prices as mounting coronavirus cases and the potential for restrictions, particularly in China, raised worries about the fuel demand outlook. China reported more COVID-19 infections, while U.S. cases and hospitalizations were at a six-month…

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