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Crude Oil and the S&P 500’s Price Movement on July 17

Crude Oil and the S&P 500’s Price Movement on July 17

The S&P 500 rose ~0.4% to 2,809.55 on July 17—the highest closing since February 1. The index rose due to Fed Chair Jerome Powell’s bullish comments about strong US economic growth. The expectations of strong second-quarter earnings results also helped the index.