Serving the Big Horn Basin for over 100 years
Serving the Big Horn Basin for over 100 years
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U.S. stock indexes capped a day of listless trading with a mixed finish Monday, as gains by banks and technology companies were offset by losses in other sectors. Bond yields rose, pointing to a pickup in interest rates on consumer loans, which helped drive bank shares higher. Technology stocks also posted solid gains, adding to the sector’s market-leading showing this year. Alphabet, Google’s parent company, surged in aftermarket trading after it reported its latest quarterly results. Those gains were overshadowed by losses in industrial sto...
U.S. stocks notched solid gains Wednesday, recouping some of the market’s losses from a day earlier. Technology and health care companies drove much of the rebound, outweighing losses in safe-play stocks like utilities and real estate investment trusts. Small-company stocks fared better than the rest of the market. Macy’s led a rally among retailers after reporting surprisingly strong results, adding to the strong wave of corporate earnings in recent weeks. The S&P 500 index rose 11.01 points, or 0.4 percent, to 2,722.46. The Dow Jones ind...
A broad rally drove U.S. stocks solidly higher Thursday for the second day in a row, extending the market’s gains for the week. Technology companies, which have led the market this year, contributed the most to the rally. Health care stocks and banks also accounted for a big slice of the market’s gains as investors sized up the latest company earnings and economic news. Crude oil prices rebounded after an early slide. The S&P 500 index rose 25.28 points, or 0.9 percent, to 2,723.07. The Dow Jones industrial average climbed 196.99 points, or...
The major U.S. stock indexes partially recovered from a daylong slide in the final minutes of trading Tuesday to finish essentially flat. The indexes had been drifting slightly lower as investors weighed the Trump administration’s decision to withdraw from a 2015 nuclear deal with Iran and reinstate sanctions on the country. The policy change, announced in an afternoon speech by President Donald Trump, had been largely expected by traders, who sent crude oil prices sliding more than 2 percent a day after crude reached above $70 a barrel for t...
Technology companies powered U.S. stocks to solid gains Thursday, snapping the market’s two-day losing streak. Banks, consumer-focused companies and industrial stocks also helped lift the market. Even so, the broad gains, which came on the last day of trading ahead of the Easter holiday weekend, weren’t enough to make up for the stock market’s first quarterly loss since 2015. After years of slow-and-steady growth and a roaring start to 2018, the market plunged in early February, marking its first 10 percent drop in two years. In the weeks...
A steep, late-afternoon sell-off in technology companies pulled U.S. stocks sharply lower Tuesday, knocking 344 points off the Dow Jones industrial average. The market slide erased modest gains from earlier in the day and much of a powerful rally from the day before. Banks also weighed on the market as bond yields declined. Investors bid up shares in safe-play stocks like utilities and real estate companies. The market turbulence came a day after the major stock indexes notched their best day in more than two years following a steep slide last...
U.S. stocks closed broadly lower Wednesday, erasing an early gain, as investors reacted to a late-afternoon surge in bond yields. Bond yields climbed to their highest level in four years after the Federal Reserve released minutes from its latest policy meeting. The minutes showed bullish sentiment among policymakers, confirming their intention to raise interest rates this year. The yield on the 10-year Treasury note rose sharply after the minutes came out, touching 2.95 percent, its highest level since January 2014. Higher bond yields indicate...
The biggest drop in Walmart’s stock in 30 years and losses in other sectors pulled U.S. indexes lower Tuesday, snapping a six-day winning streak. The losses deepened in the last hour of trading into a broad sell-off that erased early gains led by technology companies. Walmart plunged 10 percent after reporting weak online sales and disappointing earnings. Grocery store operators, retailers, health care companies and industrial stocks accounted for much of the market’s slide. “Investors have been lulled into a false sense that stock marke...
Wall Street capped a day of wild swings Friday with a late-afternoon rally that reversed steep early losses and sent the Dow Jones industrial average 330 points higher. Even with the rebound, this was the worst week for the market in about two years. Stocks struggled to stabilize much of the day as investors sent prices climbing, then slumping in unsteady trading a day after the market entered its first correction in two years. The up-and-down swings followed a drop of 10 percent from the latest record highs set by major U.S. indexes just two...
U.S. stocks slumped Friday, pulling down the Dow Jones industrial average by more than 650 points and handing the market its worst week in two years. Technology, banks and energy stocks accounted for much of the broad slide. Several major companies, including Exxon Mobil and Google’s parent company, Alphabet, sank after reporting weak earnings. Fears of rising inflation sent bond yields higher and contributed to the stock market swoon after the government reported that wages grew last month at the fastest pace in eight years. The sharp drop f...
The major U.S. stock indexes closed mostly lower Thursday after a midday gain faded by late afternoon. Retailers, restaurant chains and other consumer-focused companies accounted for much of the market’s pullback. The losses outweighed solid gains by financial stocks, which got a boost as climbing bond yields set the stage for higher interest rates on mortgages and other loans. Even though January was the best month for the stock market since March 2016, the swift rise in the yield on the 10-year Treasury note, which is a benchmark for interest...
U.S. stocks overcame a brief stumble to close slightly higher Wednesday, snapping a two-day losing streak. The dip came after the Federal Reserve released its latest statement on interest rate policy and the economy, in which the central bank signaled that it expects inflation to pick up this year. The Fed, as expected, held off on raising interest rates. Stocks bounced back in the last hour of trading, with gains by technology companies outweighing losses in health care and other sectors. The latest batch of strong earnings from big...
Hefty losses in health care and technology companies led U.S. stocks sharply lower Tuesday, handing the market its biggest pullback since August and its worst two-day drop since May. The broad slide, which briefly sent the Dow Jones industrial average down by more than 400 points, erased some of the big gains the market had racked up since the beginning of the year, though the market was still on track to close out January with a gain. Banks, industrial companies and energy stocks also accounted for a big slice of the market’s losses. Bond p...
A broad sell-off handed the U.S. stock market its biggest loss in more than four months Monday, pulling the major indexes below their recent record highs. Technology stocks, the biggest gainers in 2017, accounted for much of the slide. Energy companies also fell as crude oil prices finished lower. Utilities and other rate-sensitive sectors declined as bond yields hit their highest level in almost four years. Investors weighed the latest company earnings and deal news, including Keurig’s acquisition of Dr. Pepper Snapple for $16.6 billion, i...
Investors shrugged off the potential for a federal government shutdown Friday, driving U.S. stocks higher and setting new milestones for several of the indexes. The Standard & Poor’s 500 index, Nasdaq composite and Russell 2000 index of smaller-company stocks finished at record highs as the market bounced back from modest losses a day earlier. The S&P 500 has now posted a weekly gain in nine of the last 10 weeks. Retailers, banks and consumer goods companies accounted for much of the latest gains. Energy stocks fell along with crude oil prices....
A broad rally on Wall Street propelled the Dow Jones industrial average to close above 26,000 points for the first time Wednesday. The sharp gains also delivered record highs for the Standard & Poor’s 500 index and the Nasdaq composite, wiping out the market’s modest losses from a day earlier. Technology and health care companies accounted for much of the gains. Financials stocks also rose, even as some big banks fell after reporting hefty quarterly losses. “As yesterday’s pullback suggests, investors and traders will come back into a market...
Losses by industrial and technology companies helped pull U.S. stocks lower Tuesday, pulling the market back from its latest record highs. The slide erased some of the gains from a broad rally earlier in the day that had sent the Dow Jones industrial average past the 26,000-point threshold for the first time. Energy stocks also fell as crude oil prices declined. Health care stocks were among the gainers as investors sized up the latest company earnings and deal news following a long holiday weekend. “We’ve come perhaps a little bit too far...
Wall Street capped 2017 with a loss, weighed down by a broad slide in light trading ahead of the New Year’s holiday. Technology companies, banks and health care stocks accounted for much of the market’s decline. Energy stocks also fell, even as the price of U.S. crude oil surged to its highest level in more than two years. Despite the downbeat end to the week, the U.S. stock market finished 2017 with its strongest year since 2013. The Standard & Poor’s 500 index, the broadest measure of the stock market, gained 19.4 percent for the year, more...
U.S. stock indexes capped another quiet day on Wall Street Wednesday with slight gains, recouping some of the market’s modest losses from a day earlier. Technology, health care and industrials stocks accounted for much of the gain. A report showing that pending U.S. home sales inched higher last month helped lift homebuilder shares. Retailers and consumer-goods manufacturers declined the most, following a late-afternoon slide. Energy stocks also fell along with the price of crude oil. Bond yields fell following a report showing U.S. consumer c...
A listless day of trading on Wall Street ended with major stock indexes closing slightly lower Tuesday, weighed down by losses among some big technology companies. Apple slid 2.5 percent amid speculation that the consumer electronics giant might cut its targets for sales of its latest iPhone. Banks also declined, outweighing gains by energy companies and retailers. Oil prices closed higher. Trading was light as investors returned from the Christmas holiday. “It’s a low-volume day after Christmas, with hardly anything going on,” said Tom Marti...
Banks and energy companies led U.S. stocks higher Thursday, erasing modest losses from the day before. Retailers and makers of consumer products also posted solid gains. Small-company stocks rose more than the rest of the market, and technology stocks lagged. Trading was mostly subdued as investors looked ahead to the long holiday weekend. “Most of the optimism of the tax plan was probably built into the market already and I thought we might be in a little bit of a sideways mode here for a while,” said Randy Frederick, vice president of tra...
U.S. stocks moved broadly higher in late-afternoon trading Friday, placing the major indexes on course for new highs. Technology companies, banks and health care stocks were among the biggest gainers. Investors were encouraged by signs that the Republican-backed tax overhaul bill was making progress in Congress. They also weighed the latest batch of company earnings news. KEEPING SCORE: The Standard & Poor’s 500 index rose 27 points, or 1 percent, to 2,679 as of 3:17 p.m. Eastern Time. The Dow Jones industrial average gained 178 points, or 0.7...
Health care companies and banks drove U.S. stocks lower Thursday, pulling major indexes below their recent highs. The afternoon slide, which erased gains from earlier in the day, came on news that some Republican senators’ support for the GOP’s proposed tax overhaul bill was faltering. Small-company stocks, which would be among the biggest beneficiaries of the bill’s reduction of corporate income tax rates, declined more than the rest of the market. “The market is focused almost completely on the corporate tax reduction,” said Quincy Krosby, c...
The major U.S. stock indexes finished mostly higher Wednesday, with small companies notching big gains as lawmakers in the House and Senate reached a deal on a sweeping tax reform package. The Dow Jones industrial average eked out its third record-high close in as many days, driven by a jump in Caterpillar. But a last-minute pullback in bank stocks left the Standard & Poor’s 500 index slightly lower. Packaged food and beverage stocks, health care companies and industrials shares accounted for much of the market’s modest gains. Banks str...
By ALEX VEIGA AP Business Writer Technology companies led U.S. stocks modestly higher Monday, driving the market to another set of milestones. The Standard & Poor’s 500 index and Dow Jones industrial average finished at new highs. Both indexes also hit record highs on Friday. Solid gains by health care companies also helped lift the market, outweighing losses among banks and industrial stocks. Energy stocks rose along with the price of crude oil. Investors had their eye on bitcoin futures, which made their market debut. But traders were mostly...