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

Healthy profits push stocks higher yet; Nasdaq crosses 6,000

 

April 26, 2017



NEW YORK (AP) — Profits are climbing for companies, and so are their stock prices.

More big businesses joined the earnings parade Tuesday, saying their profits were even larger in the first three months of the year than analysts were expecting, including Caterpillar and McDonald’s. The encouraging reports pushed U.S. indexes to their second straight day of big gains, placing them either close to or firmly in record territory.

The Standard & Poor’s 500 index rose 14.46 points, or 0.6 percent, to 2,388.61. It’s within a third of a percent of its all-time high, set at the start of Marc...



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