Serving the Big Horn Basin for over 100 years
Serving the Big Horn Basin for over 100 years
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Wall Street took investors on a turbulent ride Friday as stock indexes veered into a steep slide that knocked 350 points off the Dow Jones industrial average before the market eventually clawed back most of its losses. The market stumbled after former national security adviser Michael Flynn pleaded guilty to lying to the FBI and said he would cooperate with the probe into Russian meddling in the U.S. presidential election. That raised concerns among traders that the White House’s legislative agenda, including a tax overhaul under debate in C...
A steep slide in big technology companies pulled the major U.S. stock indexes mostly lower Wednesday, offsetting strength in banks and health care and erasing some of the gains the market made a day earlier. The tech-heavy Nasdaq composite, which is the best-performing index this year, had its biggest single-day drop since August as investors cashed in some of their winnings and bid up shares in health care companies and retailers, among others. Bond yields rose following a strong report on third-quarter economic growth in the U.S. That helped...
Banks led a broad rally in U.S. stocks Tuesday, lifting the market to a milestone-shattering finish. Gains by industrial stocks, retailers and health care companies also helped drive the major stock indexes to record highs. Investors were encouraged by news that a Senate committee cleared the way for a tax reform bill to go before the full Senate. Financial stocks also got a boost from Federal Reserve chair nominee Jerome Powell, who told another Senate committee that the Fed would consider easing up on bank regulations. Encouraging economic...
A sluggish day of trading on Wall Street finished Monday with stocks edging mostly lower as investors came back from the Thanksgiving holiday. Energy stocks declined the most following a slide in crude oil prices. Materials companies also declined, partly offsetting gains among utilities and industrial stocks. Retailers posted solid gains on reports the holiday shopping season is off to a strong start. Investors also cheered some corporate deals and looked ahead to several economic reports and potential market-moving news out of Washington...
U.S. stocks closed sharply higher Thursday, snapping a two-day losing streak. Investors cheered strong quarterly earnings from Wal-Mart Stores, Cisco Systems and other companies. Technology stocks accounted for much of the market’s gains, which helped lift the Nasdaq composite to its first record high in just over a week. Health care companies and consumer product makers also posted solid gains. Energy and utilities stocks lagged. Oil prices declined. The rally knocked the major stock indexes into positive territory for the month, as i...
Technology companies led U.S. stocks lower Wednesday, giving the market its biggest loss since early September. Grocery stores and packaged foods and beverage companies also accounted for much of the decline. Energy stocks fell as the price of crude oil closed lower a day after its biggest loss since October. Banks and phone companies eked out modest gains. The latest slide extended the market’s losses from a day earlier and added to its pullback in November. Unlike October’s broad market rally, fewer stocks and sectors have been notching gai...
The Dow Jones industrial average crossed the 20,000 mark for the first time Wednesday, the latest milestone in a record-setting drive for the stock market. Strong earnings from Boeing and other big companies helped push the Dow past the threshold early on. U.S. stocks closed solidly higher, lifting the Standard & Poor’s 500 index and Nasdaq composite to record highs of their own for the second day in a row. Banks and other financial companies led the gainers, which included technology and industrials. Real estate, phone companies and other h...