Northern Wyoming Daily News - Serving the Big Horn Basin for over 100 years

 

Take a breath: Stocks slow down after a record-setting run

 

February 17, 2017



NEW YORK (AP) — The Standard & Poor’s 500 index dipped Thursday to break a seven-day winning streak, its longest in three and a half years, though it remains a nudge away from its record high.

It was part of a pause for stock markets around the world, which have been on a torrid run thanks to an improving economy, stronger corporate earnings and hopes for more business-friendly policies from Washington. The dollar’s value also dipped against rival currencies, and Treasury yields fell as bond prices rose.

The S&P 500 fell 2.03 points, or 0.1 percent, to 2,347.22. The Dow Jones industri...



For access to this article please sign in or subscribe.



 
 
 
Rendered 02/17/2017 07:23