Story Stocks

Daily Freeman (Kingston, NY) - - BUSINESS -

U.S. stocks rose on Wed­nes­day and ex­tended their gains from the day be­fore. En­ergy com­pa­nies made the big­gest gains after the price of oil jumped to a 15-month high. That came after a gov­ern­ment report showed a sur­prise drop in U.S. oil stock­piles. Bank stocks con­tin­ued to rise on strong earn­ings. House­hold prod­ucts mak­ers and health care com­pa­nies both slipped. Home­builders mostly rose, but a Com­merce Depart­ment report showed that home con­struc­tion con­tin­ued to slow in Septem­ber. Bond prices didn’t move much and yields were steady. Stocks over­seas were steady after a report showed China’s econ­omy grew at a solid pace in the third quar­ter.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.