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Deal underlines renewed appetite for oil and gas assets
Sell-off in energy group accompanies broader decline in US stocks
S&P 500 declines 1.5% on downbeat day for US markets
Top performers return more than 20% in 14 weeks between Memorial and Labor Day holidays
Production jump proves a surprise as drilling rigs have fallen
US equities near record levels, coming within one point of fresh peak
US stocks lack direction after post-payrolls record
Bond exchanges have come to represent more than half of all corporate restructurings
US equities maintain ground after move into record territory as energy sector slips
S&P 500 energy sector index rallies as crude bounces off 2-month lows
S&P 500 benchmark sets a fresh high for first time since last May
Consumer groups, carmakers and transport sector make gains
Financials biggest decliners on S&P 500, with stocks broadly lower
Robust gains mainly reflects valuations for energy bonds rebounding with a higher oil price
Sector has risen by 9 per cent in 2016
Only higher prices will reduce crude producers’ high leverage
International Edition