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

By ALEX VEIGA
AP Markets Writer 

Technology, retailers help drive rebound in US stocks

U.S. stocks notched solid gains Wednesday, recouping some of the market’s losses from a day earlier.

 

May 17, 2018



U.S. stocks notched solid gains Wednesday, recouping some of the market’s losses from a day earlier.

Technology and health care companies drove much of the rebound, outweighing losses in safe-play stocks like utilities and real estate investment trusts. Small-company stocks fared better than the rest of the market.

Macy’s led a rally among retailers after reporting surprisingly strong results, adding to the strong wave of corporate earnings in recent weeks.

The S&P 500 index rose 11.01 points, or 0.4 percent, to 2,722.46. The Dow Jones industrial average gained 62.52 points, or 0.3 perc...



For access to this article please sign in or subscribe.



 
 

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2018

Rendered 08/14/2018 22:05