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Home/News Feed/Oil leads Q1 gains with USO up 84%, while tech and financials fall over 7%.

USO

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-$1.34 -1.12%

Oil leads Q1 gains with USO up 84%, while tech and financials fall over 7%.

Market News

01 Apr 2026

Seeking Alpha

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Bullish

In the first quarter, oil-related assets saw the biggest gains, with the USO ETF surging 84%, the energy sector rising 37.9%, and broad commodities up 29.5%. Conversely, major sectors like technology, consumer discretionary, and financials declined by more than 7%. Despite the overall index moving higher, the average stock in the Russell 1000 actually fell slightly by 0.29%. This highlights a market driven by strong commodity and energy performance amid weakness in other sectors.

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