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

US stocks edge higher; bond yields fall following Fed

 

July 27, 2017



NEW YORK (AP) — U.S. stock indexes inched further into record territory Wednesday after AT&T, Boeing and others joined the parade of big companies reporting stronger profits than analysts expected. Stocks that pay big dividends were particularly strong after the Federal Reserve took a pause in its slow-moving campaign to lift interest rates, as Treasury yields sank lower.

The Standard & Poor’s 500 index edged up by 0.70 points, or less than 0.1 percent, to 2,477.83 and added a whisper to its record high set a day earlier.

The Dow Jones industrial average gained 97.58 points, or 0.5 perc...



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