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Weaker ISM Data
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- The chart shows the market opened lower in the premarket on the oil news.
- Please click here for a day chart of oil futures. For details, please see the Morning Capsule.
- Oil futures jumped Sunday evening on OPEC+ news. However, SPY does not trade on Sundays, so when it opened at 4:30am ET there was selling pressure.