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

Gains for banks and retailers take stocks to record highs

 

September 13, 2017



NEW YORK (AP) — U.S. stocks rose to record highs Tuesday as banks kept rising and retailers climbed after some encouraging job data.

It was the second straight day for big gains in bank stocks as bond yields pushed higher, which allows banks to charge higher rates on loans. Retailers rose after the Labor Department said job openings and hiring both grew in July, and more people quit their jobs to take new ones. That left investors hopeful people will shop and spend more.

Chemicals company DowDuPont climbed after making changes to its breakup plans, something activist investors had pushed...



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