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Tickers in this Article: PXD, CLR, CXO, NOV, NBL, APA, CVX
The market has been slipping so far today. The Nasdaq is trading down 0.9%; the S&P 500 has declined 1.5%; and the Dow has slipped 1.8%. The energy sector is the category of stocks that relate to producing or supplying energy. This sector includes companies involved in the exploration and development of oil or gas reserves, oil and gas drilling, or integrated power firms. Performance in the sector is largely driven by the supply and demand for worldwide energy. Energy producers will do very well during times of high oil and gas prices, but will earn less when the value of energy drops. Furthermore, this sector is sensitive to political events, which historically have driven changes in the price of oil.

The Energy sector (XLE) is currently lagging behind the overall market, down 2.6%, and its current biggest movers are:
CompanyMarket CapPercentage Change
Pioneer Natural Res (NYSE:PXD)$12.9 billion-4.3%
Continental Resources (NYSE:CLR)$13.54 billion-3.8%
Concho Resources (NYSE:CXO)$9.36 billion-3.7%
National Oilwell (NYSE:NOV)$34.51 billion-3.5%
Noble Energy (NYSE:NBL)$16.76 billion-3.1%
Apache (NYSE:APA)$33.46 billion-3%
Chevron (NYSE:CVX)$221.21 billion-2.9%
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Pioneer Natural Res (NYSE:PXD) is trading at $100.29 per share, down 4.3%. The company is currently trading a volume of 878,190 shares.

Slipping 3.8%, Continental Resources (NYSE:CLR) is currently trading at $71.92 per share. At 772,684 shares, the company's volume so far today is 0.8 times its average over the past three months.

Concho Resources (NYSE:CXO) is currently trading at a share price of $86.20, a 3.7% decline. So far today, the company's volume is 402,920 shares. This is on pace to fall short of yesterday's volume of 1.1 million shares.

Currently trading at $78.13 per share, National Oilwell (NYSE:NOV) has fallen 3.5%. At 1.2 million shares, the company's volume so far today is in line with the current daily average.

Falling 3.1%, Noble Energy (NYSE:NBL) is currently at a share price of $91.39. The company's volume for the day so far is 251,532 shares.

Apache (NYSE:APA) is down 3% to reach $83.00 per share. The company's volume is currently 1.1 million shares for the day, consistent with its average over the last three months.

At $109.46, Chevron (NYSE:CVX) has slipped 2.9%. The company is trading at a volume of 3.4 million shares.

The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. Daily stock performance should be weighed against historical performance and put in context of the market overall. Keep in mind that all these ratios should be compared against historical numbers and industry information in order to get a more complete picture.

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