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XLE - Schlumberger Transocean down as energy leads market slide
SPDR Select Sector Fund - Energy Select Sector
Oil services stocks are under pressure in morning trading, with the energy sector posting the biggest losses of the day.Schlumberger (SLB) is off 1.7%, Transocean (RIG) is sliding 4.8% and Halliburton (HAL) is down 2.8%.Last week, Scotiabank said the said oilfield service sector will need M&A as E&Ps gain bargaining power after multiple deals.The SPDR Energy Sector ETF (XLE) is the worst-performing sector in a down market day.SLB is now down 20% from its high in mid-September.