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

Media and retail losses pull stock indexes away from highs

 

October 13, 2017



NEW YORK (AP) — U.S. stock indexes retreated from their record highs Thursday as retailers and media companies declined and investors shrugged at quarterly reports from a few big banks.

Clothing companies and other retailers fell after women’s clothing company J. Jill slashed its third-quarter forecast. The company’s stock lost more than half its value.

AT&T had its worst one-day loss since 2008 after it said lost more satellite and cable TV subscribers in the third quarter. Other cable and satellite TV companies also stumbled. Industrial companies and household goods makers finished...



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