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

Gains for energy companies and banks boost stock indexes

 

July 4, 2017



NEW YORK (AP) — U.S. stocks rose Monday as banks continued to climb along with interest rates, and energy companies rallied again with oil prices. Better-than-expected auto sales and a strong report on U.S. factories also boosted stocks.

Energy companies made large gains in Monday’s abbreviated trading session as oil prices rose for the eighth day in a row. Banks rose as bond yields and interest rates continued to rise. Companies that stand to benefit from faster economic growth, like industrial companies and basic materials makers, climbed after the Institute for Supply Management said...



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