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

US stock indexes post modest losses; bond yields slump

 

April 13, 2017



Industrial and materials companies led U.S. stocks modestly lower Wednesday on another day of subdued trading ahead of the long Easter holiday weekend.

The slide marked the second decline in a row for the stock market, extending its losses for the month.

Energy stocks also fell as oil prices snapped a six-day winning streak. Utilities, phone companies and other high-dividend stocks were among the biggest gainers. Bond prices rose, sending yields lower.

“The market is kind of on hold until we start getting earnings reports and you start to read the body language on what managements are say...



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