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

Energy stocks dive anew, offset tech gains; US indexes mixed

 

June 22, 2017



NEW YORK (AP) — Energy stocks dove again on Wednesday as oil dropped to its lowest price since last summer, extending their dismal start to the year. Gains for health care and technology stocks helped hem in losses for broader market indexes.

The Standard & Poor’s 500 index dipped 1.42 points, or 0.1 percent, to 2,435.61. The Dow Jones industrial average fell 57.11, or 0.3 percent, to 21,410.03, and the Nasdaq composite rose 45.92, or 0.7 percent to 6,233.95.

“The story truly is energy right now,” said JJ Kinahan, chief market strategist at TD Ameritrade.

Crude dropped for a third s...



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