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

Perfect start for stocks in 2018 stalls after rates rise


January 11, 2018

NEW YORK (AP) — The stock market’s fantastic start to 2018 stalled on Wednesday after real-estate companies and other dividend payers sank on concerns about rising interest rates.

The losses knocked indexes a bit off their record highs and provided the first minor hiccup for a market that had climbed six straight days to start the year. Stocks fell after the yield on the 10-year Treasury reached its highest level since March, but they ended up recovering most of their losses as the day progressed and rates pulled back.

The Standard & Poor’s 500 index fell 3.06 points, or 0.1 percent,...

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