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

US stocks jump after report of stronger consumer spending

 

September 1, 2017



NEW YORK (AP) — U.S. stocks rose again Thursday as investors were pleased with a report that showed spending by U.S. consumers grew in July, along with wages and salaries. Health care and technology companies lead the way and the Nasdaq composite closed at a record high.

The Commerce Department said consumer spending grew at its fastest pace in three months. Companies that sell everything from cosmetics to toys to shoes advanced as investors bet Americans would shop more. Biotech drug companies, drug distributors, and scientific equipment companies made some of the biggest gains in health...



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