Crude Oil Falls Sharply; US Durable Goods Orders Increase 0.3% In June
US stocks mixed in midday trading, Nasdaq falls 0.48%, Dow up 0.19%, S&P 500 down 0.23%. Consumer staples up 2%, tech down 1.9%. Durable goods orders rise 0.3%.
Oil prices dropped, which usually helps companies that use lots of fuel, while factories ordered slightly more big equipment like machines. When you see oil fall and orders rise a little, it hints the economy might be moving forward, even if stocks are mixed right now.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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