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Oil Could Impact US Equity Indexes’ Upside

Oil Could Impact US Equity Indexes’ Upside

On August 10–17, US equity indexes reported gains. Last week, the Dow Jones Industrial Average (DIA), the S&P Mid-Cap 400 ETF (IVOO), and the S&P 500 Index (SPY) rose 1.4%, 0.7%, and 0.6%, respectively.