$4 Gas May Be Boosting Your Stock Portfolio - Spokane, North Idaho News & Weather KHQ.com

$4 Gas May Be Boosting Your Stock Portfolio

MSNBC.COM -  Think positive. The pain you're feeling at the pump from $4-a-gallon gas may become a little easier to bear once you receive your next quarterly mutual fund statement.

Chances are your fund portfolio holds big oil names that have been reporting Texas-sized profits this week and boosting dividends paid to their investors. Exxon Mobil, for example, is the biggest component in the Standard & Poor's 500, the most widely tracked benchmark among index funds anchoring many 401(k) plans and retirement accounts.

Exxon earned nearly $11 billion in the first quarter, its biggest profit in more than two years. Exxon and rival Chevron are increasing their quarterly dividends, boosting returns for investors. Combined, Exxon and Chevron make up about 4.6 percent of the S&P 500.

If your portfolio includes a specialized fund that focuses on energy stocks, you've got even more reason to consider the bright side of rising oil prices. Energy stock funds have returned an average 26 percent over the last 12 months, the third-best performance among Morningstar's 21 domestic fund categories. That tops the S&P 500's nearly 17 percent return. Click here to read more.

  • Most Popular StoriesMost Popular StoriesMore>>

  • WATCH: Car kick sparks chain-reaction crash on California highway

    WATCH: Car kick sparks chain-reaction crash on California highway

    Saturday, June 24 2017 4:40 PM EDT2017-06-24 20:40:35 GMT

    SANTA CLARITA, Calif. - A case of road rage caused a chain-reaction crash on a California freeway on Wednesday and a driver caught the whole thing on video. It happened around 6 a.m. on the southbound 14 Freeway near Newhall in Santa Clarita. Witness Chris Traber started recording when he saw a gray sedan cut off the motorcyclist.

    >>

    SANTA CLARITA, Calif. - A case of road rage caused a chain-reaction crash on a California freeway on Wednesday and a driver caught the whole thing on video. It happened around 6 a.m. on the southbound 14 Freeway near Newhall in Santa Clarita. Witness Chris Traber started recording when he saw a gray sedan cut off the motorcyclist.

    >>
  • Driver lands on I-90 barrier after overcorrecting

    Driver lands on I-90 barrier after overcorrecting

    Saturday, June 24 2017 2:07 AM EDT2017-06-24 06:07:22 GMT

    SPOKANE, Wash. - Firefighters say a car was driving too fast on I-90 near the state line Friday afternoon, and couldn't slow down in time to deal with traffic. The driver overcorrected and landed on the barrier. The driver suffered minor injuries. The crash caused a backup for several hours near Starr Rd. 

    >>

    SPOKANE, Wash. - Firefighters say a car was driving too fast on I-90 near the state line Friday afternoon, and couldn't slow down in time to deal with traffic. The driver overcorrected and landed on the barrier. The driver suffered minor injuries. The crash caused a backup for several hours near Starr Rd. 

    >>
  • Homeless single father tries to turn luck around for 4-year-old daughter

    Homeless single father tries to turn luck around for 4-year-old daughter

    Friday, June 23 2017 11:09 PM EDT2017-06-24 03:09:10 GMT

    SPOKANE, Wash. George Simpkins packed his bags and moved from Ohio to Spokane to start a new job. But when he got to the Lilac City, his string of bad luck started.  “That never happened,” said Simpkins. “I’ve had temporary jobs off and on.” It’s been several years since Simpkins moved to Spokane, and the now 48-year-old hasn’t been able to keep a job, but it’s not due to lack of effort. “I’ve lost a couple of jobs because

    >>

    SPOKANE, Wash. George Simpkins packed his bags and moved from Ohio to Spokane to start a new job. But when he got to the Lilac City, his string of bad luck started.  “That never happened,” said Simpkins. “I’ve had temporary jobs off and on.” It’s been several years since Simpkins moved to Spokane, and the now 48-year-old hasn’t been able to keep a job, but it’s not due to lack of effort. “I’ve lost a couple of jobs because

    >>
HD DOPPLER 6i
/