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

By MARLEY JAY
AP Markets Writer 

Stocks climb again as investors shake off inflation worries

NEW YORK (AP) — Investors saw some new hints that inflation is increasing on Wednesday, but they still sent banks, technology firms, and consumer-focused companies climbing. That was a big change after the market’s inflation-inspired plunge earlier this month.

 

February 15, 2018



NEW YORK (AP) — Investors saw some new hints that inflation is increasing on Wednesday, but they still sent banks, technology firms, and consumer-focused companies climbing. That was a big change after the market’s inflation-inspired plunge earlier this month.

After a shaky start, stocks rose for the fourth straight day, and banks made some of the largest gains as bond yields reached new four-year highs. The move in yields came after the government said consumer prices climbed in January a slightly faster pace than economists had expected. A different government report showed retail sal...



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