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

Stocks inch to new records; S&P 500 up 4 straight weeks

 

February 18, 2017



NEW YORK (AP) — Stock indexes inched ahead to record highs Friday, barely, after a late-afternoon push erased losses from earlier in the day. It caps the fourth straight week of gains for the Standard & Poor’s 500 index, its longest such streak since July.

Reports through the week showed that the economy is improving and corporate profits are growing more quickly than analysts expected. The encouraging data, along with hopes for lower taxes and other business-friendly policies from Washington, pushed the S&P 500 to a 1.5 percent rise last week, its best weekly performance since the firs...



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