Energy stocks take a dive as crude oil prices fall to 3-week low

Edwards Lifesciences Corp

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Health Care : Health Care Equipment & Supplies | Large Cap Growth

Company profile

Edwards Lifesciences Corporation is a manufacturer of heart valve systems and repair products used to replace or repair a patient's diseased or defective heart valve. The Company is engaged in patient-focused innovations for structural heart disease and critical care monitoring. Its segments include United States, Europe, Japan and Rest of World. Its products are categorized into three areas: Transcatheter Heart Valve Therapy, Surgical Heart Valve Therapy and Critical Care. It also develops hemodynamic monitoring systems that are used to measure a patient's cardiovascular function in the hospital setting. It is developing products, such as the Edwards SAPIEN 3 Ultra System and Edwards SAPIEN XT transcatheter heart valve, among others. Its Transcatheter Heart Valve Therapy and Surgical Heart Valve Therapy products are manufactured in the United States, Singapore and Switzerland. Critical Care products are manufactured in its facilities located in Puerto Rico and the Dominican Republic.

Energy stocks take a dive as crude oil prices fall to 3-week low

10:50 am ET October 26, 2020 (MarketWatch) Print

Energy stocks took a broad dive Monday, as crude oil prices sold off (http://www.marketwatch.com/story/oil-prices-slump-as-coronavirus-cases-rise-world-wide-11603713618) amid concerns that the recent surge in new COVID-19 cases globally would sap demand. The SPDR Energy Select Sector ETF (XLE) slumped 3.0%, and was the biggest decliner among SPDR ETFs tracking the S&P 500's 11 key sectors, with all 25 equity components losing ground. Apache Corp.'s stock (APA) was the ETF's (XLE) biggest decliner, as it dropped 6.3% toward a 6-month low. Among other more active XLE components, shares of Marathon Oil Corp. (MRO) slid 5.3%, Occidental Petroleum Corp. (OXY) shed 4.2%, Exxon Mobil Corp. (XOM) slid 2.8%, Halliburton Co. (HAL) declined 3.2% and Schlumberger NV (SLB) gave up 3.2%. Meanwhile, crude oil futures fell 3.3% to a 3-week low.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

October 26, 2020 10:50 ET (14:50 GMT)