Gains in Oil Prices Could Matter to the Broader Markets

gains in oil prices could matter to the broader markets
Gains in Oil Prices Could Matter to the Broader Markets

Between July 20 and July 27, US equity indexes had a mixed performance. Last week, the Dow Jones Industrial Average (DIA) and the S&P 500 Index (SPY) rose 1.6% and 0.6%, respectively. The S&P Mid-Cap 400 ETF (IVOO) fell 1.2% during the week. About 5.5%, 6.3%, and 5.3%, respectively, of these equity indexes are composed of energy stocks.

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