Energy, Utilities Are the Market's Best Performers—They're Still Down

Over the last three full trading days, the S&P 500 energy sector has lost 0.22%, while the S&P 500 utilities sector is down 0.55%, according to Dow Jones Market Data. What this tells us is that selling is en masse, but the safe havens aren't getting sold nearly as quickly as growth-focused segments like tech, which makes up a big chunk of the S&P 500. The cost for insuring Oracle bonds has risen with its five-year credit default swap widening by over 0.6 percentage points since late September, according to Deutsche Bank.