U.S. Energy Stock Funds Gain 11.6% in Q3 as Iran War Lifts Oil Prices
Updated
Updated · The New York Times · Oct 9
U.S. Energy Stock Funds Gain 11.6% in Q3 as Iran War Lifts Oil Prices
3 articles · Updated · The New York Times · Oct 9
Summary
U.S. energy stock funds rose 11.6% in the three months through September, the strongest performance among major fund categories in a quarter marked by broad market losses.
The sector led because the war with Iran pushed up oil, gas and refined-fuel prices, while also fueling an interest-rate surge that disrupted stocks and bonds.
Morningstar-tracked tech stock funds fell 1.4%, domestic stock funds lost 1.8% on average and taxable bond funds dropped 2.2%; municipal bond funds slid 5.6%.
AI shares have rebounded this month, helping lift the S&P 500 and Nasdaq 100 to fresh highs, underscoring how quickly sector leadership can shift.