Stocks finish higher…Oil prices are higher… Trump considers sweeping tariffs on imports from China

NEW YORK (AP) — Stocks edged higher today as gains from energy companies, industrial firms and smaller companies helped the market end a modest losing streak. The S&P 500 index gained over 4 points, or 0.2 percent, to 2,752. The Dow Jones industrial average added nearly 73 points, or 0.3 percent, to 24,946.. The Nasdaq composite rose a fraction of a point to 7,481. And the small cap Russell 2000 jumped 9 points, or 0.6 percent, to 1,586.

NEW YORK (AP) — Oil futures jumped today. Benchmark U.S. crude rose $1.15, or 1.9 percent, to $62.34 a barrel in New York. Meanwhile, Brent crude, used to price international oils, climbed $1.09, or 1.7 percent, to $66.21 a barrel in London. In other energy trading, wholesale gasoline gained 2 cents to $1.95 a gallon. Heating oil picked up 2 cents to $1.91 a gallon. Natural gas edged up 1 cent to $2.69 per 1,000 cubic feet.

WASHINGTON (AP) — President Donald Trump is considering sweeping tariffs on imports from China, with an announcement possible as early as next week. That has industry groups and some lawmakers scrambling to prevent the next front in a potential trade war that could reverberate across the U.S. economy. Those tariffs could cover a wide variety of consumer goods, from clothing to electronics, and even on imported parts for products made in the U.S.

NEW YORK (AP) — Five New York City doctors have been charged in federal court with taking bribes and kickbacks from an Arizona-based pharmaceutical company to prescribe large volumes of a highly addictive painkiller. Prosecutors say the men collected tens of thousands of dollars working for the company’s Speakers Bureau over a four-year stretch. The company, Insys Therapeutics Inc., hasn’t commented.

HATTERAS ISLAND, N.C. (AP) — A preliminary settlement would allow those who lost power for days last summer on two North Carolina islands to divvy up more than $10 million. News reports say documents filed in federal court show that PCL Civil Constructors would pay $8.1 million to businesses and $2.25 million to the permanent residents and renters on Hatteras and Ocracoke islands. Last July, underwater electric transmission cables were inadvertently cut.

Free News Delivery by Email

Would you like to have the day's news stories delivered right to your inbox every evening? Enter your email below to start!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.