Serving the Big Horn Basin for over 100 years
Serving the Big Horn Basin for over 100 years
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NEW YORK (AP) — U.S. stocks slipped Friday as Apple absorbed its worst loss in more than four years. Thanks to gains over the previous three days, the S&P 500 index finished with its biggest weekly increase since March. Apple, the world’s largest technology company, forecast weak revenue in the current quarter and startled investors by saying it will stop disclosing quarterly iPhone sales. That pulled technology stocks lower. Other high-growth stocks held up well after the U.S. and China said they had made some progress in trade talks, and Asi...
NEW YORK (AP) — U.S. stocks turned higher Wednesday after the Federal Reserve indicated it’s not in a hurry to raise interest rates too quickly. Retailers and technology companies led the way as the market erased some early losses. Stocks opened lower after a business survey suggested that the eurozone economy might remain weak for longer than experts had expected. Investors bought U.S. and European government bonds, which sent yields and interest rates lower and hurt banks. The S&P 500 index fell as much as 14 points early on. The market tur...
NEW YORK (AP) — Stocks faded Tuesday afternoon and finished the day mostly lower as industrial companies and retailers fell. Smaller and more U.S.-focused companies slumped after setting records the last few days. Large industrial companies like Boeing, 3M and Caterpillar slipped, and retailers including Kohl’s, AutoZone and Advance Auto Parts fell after releasing their quarterly results. Energy companies fell as crude oil gave up an early gain. Smaller companies had their worst day of the month as a winning streak that brought them to all...
NEW YORK (AP) — Industrial and technology companies led stocks to solid gains Monday after the U.S. and China appeared to make significant progress in trade talks. That helped ease concerns among investors that the world’s two biggest economies might be headed for a trade war. After another round of talks, the two countries agreed not to place tariffs on goods imported from the other. The Chinese government said it will buy more U.S. goods, including energy and agricultural products, while Treasury Secretary Steven Mnuchin said the U.S. pos...
NEW YORK (AP) — Losses for health care companies and banks left U.S. stocks lower Thursday, although a late push for technology and industrial companies helped the market avoid a steeper decline. After a weak finish the day before, the Dow Jones industrial average dropped as much as 393 points Thursday morning. Thanks to another gain in Boeing, it ended slightly higher. Microsoft and Cisco Systems helped technology companies to some modest gains. But investors haven’t found much to get excited about the last couple of days as they worry about t...
NEW YORK (AP) — A late round of buying erased early losses on Wall Street, leaving major indexes mixed at the close of trading. Bigger companies managed to eke out modest gains, while smaller companies mostly fell. A big gain in Boeing pushed the Dow Jones industrial average higher, breaking a five-day losing streak. Late in the day, energy companies got a boost after Exxon Mobil said it is raising its quarterly dividend. Stocks got off to a weak start as investors worried that growing costs for raw materials along with rising interest rates wo...
NEW YORK (AP) — Technology companies, banks and industrial companies all rose Thursday as investors got ready for big banks to announce their first-quarter results and let go of some of their concerns about the trade dispute between the U.S. and China. Big tech companies like Apple and Microsoft, the market’s leaders over the last year, rose again. Industrial companies like Boeing and Caterpillar gained ground as well, with airlines climbing after Delta reported solid results in the first quarter. Bond prices dropped and interest rates rose, wh...
NEW YORK (AP) — Companies including banks and technology and health care firms fell Wednesday after U.S. stocks had surged the day before. Oil prices hit a three-year high after President Donald trump tweeted that the U.S. will launch missiles at targets in Syria. Other than energy companies, stocks were slightly lower for most of the day. Banks slipped along with interest rates while health care and technology companies gave up some of the big gains they made on Tuesday. Trump said the U.S. will respond to the recent suspected chemical a...
NEW YORK (AP) — U.S. stock indexes finished a bit higher Monday as investors let go of some of their fears about a possible trade war between the U.S. and China. But far bigger gains slipped away as the market suffered a steep afternoon decline. Stocks climbed higher and higher in the first hours of trading, and at about 2 p.m. the Dow Jones industrial average was up 440 points. That put the market on track to make up almost all of the ground it lost during a big sell-off on Friday. But stocks have repeatedly changed course as investors t...
NEW YORK (AP) — After an early jolt, stocks rallied and finished higher Wednesday as investors bet that back-and-forth tariff threats between the U.S. and China won’t blossom into a bigger dispute that damages global commerce. The Dow Jones industrial average plunged 501 points after the opening bell but made it all back, and more. Household goods makers, retailers and homebuilders led the way while technology companies reversed some early losses. But two major targets of China’s possible tariffs, aerospace company Boeing and farm equip...
NEW YORK (AP) — After a jittery afternoon of trading, major U.S. stock indexes fell Wednesday while smaller companies fared better. The Federal Reserve raised interest rates, as investors expected, and said it could raise rates at a quicker pace next year. Stocks traded higher early in the day and jumped after the Fed announced its decision. The Dow Jones industrial average climbed 250 points, but gave it all up as new Fed Chairman Jerome Powell addressed reporters. At the end of trading it wobbled and ended lower. The dollar weakened and b...
NEW YORK (AP) — Stock indexes finished mostly higher after a day of bouncing around Tuesday as retailers, energy companies and banks recovered some of their losses from the day before, but technology companies struggled as Facebook dropped again. Amazon led a rally among retailers, and it passed Alphabet, Google’s parent, as the second most-valuable U.S.-listed company, while energy companies rose with oil prices. Banks rose along with interest rates as the leaders of the Federal Reserve met. They are expected to raise interest rates on Wednesd...
NEW YORK (AP) — U.S. stocks edged higher Friday as gains from energy companies, industrial firms and smaller companies helped the market end a modest losing streak. Oil and gas companies climbed along with the price of oil Friday while industrial companies recovered some of the losses they sustained earlier this month. Beauty products retailer Ulta and software company Adobe rose after strong quarterly reports. Tiffany dropped after reportgin weak sales, and online retailers Overstock.com and Wayfair slumped as investors worried about a p...
NEW YORK (AP) — Stocks finished mostly lower Thursday in another choppy day of trading after a midday rally faded. Industrial and technology companies rose, but smaller companies and chemical makers skidded. Without any major economic reports or further development on issues like tariffs, stocks drifted up and down. The market was coming off two days of losses, and while stocks briefly moved higher in the middle of the day, they couldn’t sustain any momentum. Agribusiness company Monsanto fell after Bloomberg News reported that U.S. aut...
NEW YORK (AP) — Wall Street got exactly what it wanted from Friday’s jobs report: solid hiring, moderate wage growth and continued low unemployment. Investors sent stocks sharply higher, particularly their recent favorites, technology companies. U.S. employers added 313,000 jobs in February, more than forecast, and wages didn’t rise as much as investors had feared. The Labor Department also said January’s spike in wages was a bit smaller than it originally thought. It made for a happy ninth anniversary for the current bull market. A month e...
NEW YORK (AP) — Stocks closed out their strongest week in five years Friday and have now recovered more than half of the losses they suffered in a plunge at the beginning of the month. Investors got back to buying stocks almost as quickly as they started dumping them. The gain Friday was the sixth in a row for the Standard & Poor’s 500 index. A combination of cheaper prices for stocks as well as solid company profits put investors back in a buying mood. The S&P 500, which many index funds track, has risen almost 6 percent in its current str...
NEW YORK (AP) — Investors saw some new hints that inflation is increasing on Wednesday, but they still sent banks, technology firms, and consumer-focused companies climbing. That was a big change after the market’s inflation-inspired plunge earlier this month. After a shaky start, stocks rose for the fourth straight day, and banks made some of the largest gains as bond yields reached new four-year highs. The move in yields came after the government said consumer prices climbed in January a slightly faster pace than economists had expected. A d...
NEW YORK (AP) — U.S. stocks hardly moved Tuesday as investors were slow to dip a toe back into the market, although energy companies did climb with the price of oil and natural gas. Banks and retailers took losses. Stock indexes flickered between tiny gains and losses throughout the day before they mounted a small rally over the last half hour of trading. Energy companies rose the most, and companies that make drinks, packaged foods, and other household items also rose. Retailers and department stores slumped after Urban Outfitters warned of w...
NEW YORK (AP) — U.S. stocks hardly budged Thursday and finished with a mix of small gains and losses. Banks and airlines rose on strong first-quarter reports, while consumer products companies struggled. The market wavered throughout the day. Stocks are coming off two big gains in a row and are trading at their highest levels of the year. “People are getting a bit more confident of what’s going on in the market,” said J.J. Kinahan, chief strategist for TD Ameritrade. The Dow Jones industrial average added 18.15 points, or 0.1 percent, to 17,9...
NEW YORK (AP) — Stocks climbed Wednesday as investors clung to hope for an international deal to stem a global glut in crude oil with production cutbacks. That sent the price of oil sharply higher, as well as the stocks of major energy companies like Chevron. Tech stocks also rose, led by Microsoft and Facebook. The gains capped a three-day rally, the longest so far in 2016, that has wiped out about half of the market’s losses since the beginning of the year. The Standard & Poor’s 500 index hit its lowest point of the year last Thursday, and h...