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

Stocks held back by slumps for energy, auto parts companies

 

July 6, 2017



NEW YORK (AP) — U.S. stock indexes were mixed Wednesday as energy companies skidded along with oil prices, but technology stocks rose and reversed a portion of their recent losses.

After O’Reilly Automotive reported weak sales growth in the second quarter, the three biggest losers on the Standard & Poor’s 500 index were all auto parts companies. Car makers slumped, too.

An eight-day rally in U.S. crude oil prices ended with a thud and energy companies took sharp losses. Retailers and small, domestically-focused companies also struggled.

Technology companies bucked the trend and finish...



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