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Why ANGI Homeservices Stock Popped Today

Why ANGI Homeservices Stock Popped Today

Shares of ANGI Homeservices (NASDAQ: ANGI) were moving higher again today as investors reacted to a report showing a strong rebound in the services sector in June. As a result, ANGI Homeservices closed up 11.3%, which followed strong gains last week as well. The Institute for Supply Management's reading for services in June came in at 57.1, showing a robust expansion from the prior month, following a two-month contraction, and easily beat expectations.