Stocks finish mixed…House Republicans ask Trump to reconsider tariffs…Consumer borrowing growth slows

NEW YORK (AP) — Stocks have struggled to a mixed finish on Wall Street, as some of investors’ fears about escalating trade tensions ebbed. Stocks pared their losses after the White House indicated there might be exceptions to the tariffs for Canada, Mexico and other countries. The Dow Jones industrial average closed down 82 points, to 24,801. The Standard & Poor’s 500 fell one point to 2,726. The Nasdaq rose 24 points to 7,396.

WASHINGTON (AP) — More than 100 House Republicans are asking President Donald Trump to reconsider the idea of broad tariffs on steel and aluminum imports — in order to avoid unintended consequences to the U.S. economy. The lawmakers say in a letter to the president that tariffs are taxes that make U.S. businesses less competitive and consumers poorer. They say they’re eager to work with Trump on a more targeted approach and support his resolve to deal with “China’s unfair practices.”

WASHINGTON (AP) — The Federal Reserve says American consumers increased their borrowing at a slower pace in January. Borrowing in the category that covers credit cards edged up $701 million, the smallest monthly advance since a gain since February 2015. Borrowing in the category that covers auto loans and student loans rose by $13.2 billion. Consumer borrowing is a key metric for evidence of strength in consumer spending.

NEW YORK (AP) — Benchmark U.S. crude dropped $1.45 to $61.15 a barrel in New York today after the Energy Department reported that U.S. oil production rose last week. Wholesale gasoline lost 2 cents to $1.91 a gallon. Heating oil declined 3 cents to $1.87 a gallon. Natural gas rose 3 cents to $2.78 per 1,000 cubic feet.

WASHINGTON (AP) — International arrivals to the U.S. declined in September compared with September 2016, continuing a downward trend in inbound tourism. The Commerce Department of Commerce says 6.1 million international visitors traveled to the U.S. in September, down 5 percent from the same month in 2016. It’s the fifth month in a row with fewer arrivals compared to the same month a year earlier.

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