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

By ALEX VEIGA
Associated Press 

Technology companies lead modest pullback in US stocks

A broad sell-off handed the U.S. stock market its biggest loss in more than four months Monday, pulling the major indexes below their recent record highs.

 

January 30, 2018



A broad sell-off handed the U.S. stock market its biggest loss in more than four months Monday, pulling the major indexes below their recent record highs.

Technology stocks, the biggest gainers in 2017, accounted for much of the slide. Energy companies also fell as crude oil prices finished lower. Utilities and other rate-sensitive sectors declined as bond yields hit their highest level in almost four years.

Investors weighed the latest company earnings and deal news, including Keurig’s acquisition of Dr. Pepper Snapple for $16.6 billion, including debt, and looked ahead to a busy week of...



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