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

By ALEX VEIGA
Associated Press 

US stocks indexes close mostly higher after Fed rate hike

The major U.S. stock indexes finished mostly higher Wednesday, with small companies notching big gains as lawmakers in the House and Senate reached a deal on a sweeping tax reform package.

 

December 14, 2017



The major U.S. stock indexes finished mostly higher Wednesday, with small companies notching big gains as lawmakers in the House and Senate reached a deal on a sweeping tax reform package.

The Dow Jones industrial average eked out its third record-high close in as many days, driven by a jump in Caterpillar. But a last-minute pullback in bank stocks left the Standard & Poor’s 500 index slightly lower.

Packaged food and beverage stocks, health care companies and industrials shares accounted for much of the market’s modest gains. Banks struggled as long-term bond yields edged lower, which...



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