State Street’s Energy Select Sector SPDR ETF (XLE) seeks to track the Energy Select Sector Index, which is made up of S&P 500 companies classified as energy firms. The fund is highly concentrated in U.S. integrated oil majors: Exxon Mobil is roughly ~24% and Chevron roughly ~18% of the portfolio in the latest posted top-holdings data, meaning day-to-day moves are often driven by those two stocks plus large E&Ps and refiners. Most of the portfolio exposure is in Oil, Gas & Consumable Fuels.

XLE shows a 0.00% move today primarily because the NYSE and Nasdaq are closed for Good Friday (April 3, 2026). With U.S. cash equities not trading, many quote feeds will display the last official close for XLE, even if related markets (oil futures, some overseas equities, and certain rates markets) are moving.

The most relevant current catalyst is the surge in crude oil prices tied to fears of prolonged Middle East conflict and potential disruption around key supply routes. In today’s session, benchmark U.S. crude rose above $110 per barrel and Brent also jumped sharply, reflecting a risk premium being priced into energy. For XLE, higher crude generally improves upstream cash flows and sentiment for the integrated majors and large E&Ps that dominate the fund—often overwhelming other inputs on short horizons.

Beyond geopolitics and crude, investors are weighing the macro impact of higher energy prices on inflation and growth, which can feed into rate expectations and equity risk appetite. Energy equities can benefit from higher commodity prices but can also face pushback if markets begin to price tighter financial conditions or demand destruction. With U.S. equities closed today, the cleanest real-time tells for next open are: (1) whether WTI/Brent hold gains into the next U.S. session, and (2) how energy-sensitive large caps (especially Exxon and Chevron) are indicated in futures or overseas trading before U.S. cash markets reopen.