Devon, Exxon, Chevron lift energy stocks
Devon Energy DVN +0.99% rose 1.5% on Tuesday as energy stocks advanced with the broad equities market. Exxon Mobil Corp. XOM +0.38% moved up by 0.4% and Chevron Corp. CVX +0.10% rose 0.3%. The two oil producers are components of the Dow Jones Industrial Average DJIA +0.11% , which moved up by 35 points. Earlier, Devon drew an upgrade to outperform from market perform at FBR. The Energy Select Sector SPDR Fund XLE +0.05% rose 0.3%. The fund includes energy stocks in the S&P 500. Among that group, First Solar Inc. FSLR +1.41% rose 1.3% and Duke Energy DUK +0.93% moved up by 0.9%. |