Why ExxonMobil Stock Dropped on Friday
The Strait of Hormuz is open for business! That's good news for many investors, and the S&P 500 is up 1.2% as of 11:35 a.m. ET. It's less good news for ExxonMobil (XOM 3.65%) stock, however. Shares of the oil giant fell 5.3% through 11:35 a.m. …