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

US stocks rise as energy companies rally with oil prices

 

May 11, 2017



NEW YORK (AP) — Energy companies jumped with the price of oil Wednesday, but overall, stocks finished only slightly higher as a quiet week of trading continued.

The price of U.S. crude oil jumped 3 percent as fuel stockpiles kept shrinking, and that made investors more optimistic about energy company profits. Strong earnings from video game maker Electronic Arts and chipmaker Nvidia helped technology stocks move up. However weak results from Priceline and Disney hurt consumer-focused companies, and health care stocks also stumbled as drug companies fell.

Investors didn’t react much to P...



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