Crude Oil Tumbles 7%; ISM Manufacturing PMI Rises In July

U.S. stocks traded higher midway through trading, with the S&P 500 gaining more than 1% on Monday. The Dow traded up 1.06% to 53,043.92 while the NASDAQ rose 1.88% to 25,851.08. The S&P 500 also rose, gaining, 1.24% to 7,582.50. Leading and Lagging Sectors Communication services shares jumped by 4.1% on Monday. In trading on Monday, energy stocks fell by 1.2%. Top Headline The ISM manufacturing PMI surged to 55.6 in July from 53.3 in the previous month, topping market estimates of 54.0 and recording the strongest growth in factory activity since May 2022. Equities Trading UP Hydrofarm Holdings Group Inc (NASDAQ: HYFM ) shares shot up 357% to $2.47 after the company announced the sale of it Aurora Peat unit for $16 million, with proceeds going to pay down term loan debt. Shares of Atkore Inc (NYSE: ATKR ) got a boost, surging 28% to $93.42 after the company reported better-than-expecte...