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

By ALEX VEIGA
AP Business Writer 

Strong earnings from Wal-Mart, Cisco drive US stocks higher

 

November 17, 2017



U.S. stocks closed sharply higher Thursday, snapping a two-day losing streak.

Investors cheered strong quarterly earnings from Wal-Mart Stores, Cisco Systems and other companies. Technology stocks accounted for much of the market’s gains, which helped lift the Nasdaq composite to its first record high in just over a week.

Health care companies and consumer product makers also posted solid gains. Energy and utilities stocks lagged. Oil prices declined.

The rally knocked the major stock indexes into positive territory for the month, as investors seized on the encouraging company earnings ne...



For access to this article please sign in or subscribe.



 
 

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2017