Stocks Recover Ground Day After Big Slump

Dow ends day up 56
By Newser Editors and Wire Services
Posted May 18, 2017 3:11 PM CDT
Stocks Recover Ground Day After Big Slump
Specialist Meric Greenbaum, left, and trader James Conti work on the floor of the New York Stock Exchange, Wednesday, May 17, 2017.   (AP Photo/Richard Drew)

Solid gains in phone companies and some retailers pushed US stock indexes modestly higher on Wall Street, recouping some of the ground they lost a day earlier, the AP reports. AT&T and Verizon each rose 1.3% Thursday. Walmart Stores rose 3.2% and L Brands climbed 2.7% after both reported better earnings than analysts were expecting. The slight gains came a day after the market's worst drop since September as political tumult deepened in Washington. Investors are worried that President Donald Trump will have trouble enacting tax cuts and other business-friendly policies. The Standard & Poor's 500 index increased 8 points, or 0.4%, to 2,365 Thursday. The Dow Jones industrial average gained 56 points, or 0.3%, to 20,663. The Nasdaq composite rose 43 points, or 0.7%, to 6,055. (More stock market stories.)

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