Crude Oil Tumbles 7%; ISM Manufacturing PMI Rises In July
U.S. stocks up with S&P 500 gaining over 1%, ISM manufacturing PMI surges to 55.6 in July, energy stocks fall by 1.2%, Hydrofarm Holdings up 357%
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Why It Matters
Oil got cheaper, which usually helps most businesses save money. But it also means energy companies might make less profit, so their stocks fell while the rest of the market climbed.
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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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