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

By ALEX VEIGA
Associated Press 

Banks, energy companies lead rebound in US stocks

 

December 22, 2017



Banks and energy companies led U.S. stocks higher Thursday, erasing modest losses from the day before.

Retailers and makers of consumer products also posted solid gains. Small-company stocks rose more than the rest of the market, and technology stocks lagged. Trading was mostly subdued as investors looked ahead to the long holiday weekend.

“Most of the optimism of the tax plan was probably built into the market already and I thought we might be in a little bit of a sideways mode here for a while,” said Randy Frederick, vice president of trading & derivatives at Charles Schwab. “But we...



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