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U.S. Stocks Managed to Head Into the Long Weekend Higher

July 20, 2023
in Trade Tube
Reading Time: 1 min read
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Stocks ended the shortened-trading week on a positive note snapping a 2-day losing streak. Crude oil fell after posting strong gains Wednesday. Prices settled at $49.38 a barrel. Exxon Mobil (XOM) closed just slightly lower and was one of the Dow’s few decliners. But it was Microsoft (MSFT) that was the worst performing blue chip, dropping 1%. Shares of Rite Aid (RAD) gained after reporting same-store sales in March jumped more than 4% from a year ago. Investors welcomed ConAgra Foods’ (CAG) board approving a quarterly dividend of $0.25 a share. The stock closed 2.6% to the upside. The Labor Department’s employment report will still release Friday, despite the markets being closed for Good Friday.

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