S&P 500 Down 17 points: 1.3 Million More Jobless, Oil Stocks Crashing, COVID Cases Climbing

S&P 500 Down 17 points: 1.3 Million More Jobless, Oil Stocks Crashing, COVID Cases Climbing

The S&P 500 Index (SNPINDEX: ^GSPC) is down 17 points, or 0.6% on July 9, following multiple bad pieces of news. The government's weekly petroleum report showed a massive build in inventories, sending oil stocks, including Hess Corp (NYSE: HES), Apache Corp (NASDAQ: APA), Phillips 66 (NYSE: PSX), and ConocoPhillips (NYSE: COP), down between 5.6% and 7.6%.