Crude Oil Surges 3%; ISM Manufacturing PMI Falls In August
U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 100 points on Tuesday.The Dow traded down 0.40% to 52,971.81 while the NASDAQ dipped 0.52% to 26,232.46. The S&P 500 also
Oil prices went up 3%, but factories made fewer things in August, which made stock prices drop a little. When factories slow down, it can mean the economy might be getting weaker, so people got a bit worried and sold stocks.
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