Sector Update: Energy Stocks Gain Friday Afternoon

fidelity
2026.01.02 19:05
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Energy stocks experienced gains on Friday, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) both rising by 1.9%. The Philadelphia Oil Service Sector Index increased by 3.1%, while the Dow Jones US Utilities Index rose by 1.4%. Notably, Sable Offshore shares surged 30% after a court ruling, and Prairie Operating shares jumped 6.8% following a significant share purchase. NextEra Energy shares rose 0.4% after announcing a plan to sell up to $4 billion in common shares.