Crude Oil Moves Higher; US Factory Orders Rise In July
U.S. stocks rose mid-session, led by materials; factory orders beat estimates. Linkhome, Purple Biotech and GitLab surged, while Tscan and Credo fell.
Factories in America ordered more stuff than people expected, which is a sign the economy feels pretty strong right now. When the economy looks healthy, it can help companies make more money, so that's something to keep an eye on when you're thinking about stocks.
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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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