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Stock indexes lower...Oil prices mixed... Trump hopes trade deal can be reached with Canada

September 7, 2018

NEW YORK (AP) — U.S. stock indexes have closed lower after a surprisingly strong jobs report pushed investors to gird for higher interest rates. Investors sold high-dividend stocks as bond yields rose, and tech stocks rebounded from recent losses. The S&P 500 lost 6 points to close at 2,871. The Dow Jones fell 79 points to 25,916, and the Nasdaq composite dropped 20 points to 7,902.

NEW YORK (AP) — Oil prices om the futures market have been mixed today. Benchmark U.S. crude lost 2 cents to settle at $67.75 per barrel in New York, while, Brent crude, the international standard, rose 33 cents to $76.83 a barrel in London. In other energy commodity futures, natural gas inched up by a fraction of a cent and settled at $2.78 per 1,000 cubic feet. Heating oil rose a penny to $2.22 per gallon, and wholesale gasoline rose 2 cents to $1.97 per gallon.

WASHINGTON (AP) — President Donald Trump says he does not want to hurt Canada’s economy but also warns that if he imposes taxes on cars it would be “devastating” for the neighboring country. Speaking to reporters today on Air Force Once, he also said he wants to make a “fair deal” with Canada. Canadian Foreign Minister Chrystia Freeland is meeting in Washington with U.S. Trade Representative Robert Lighthizer.

ATLANTA (AP) — Federal prosecutors in Atlanta say 15 people and five businesses have been indicted in an India-based call-center fraud scheme that victimized more than 2,000 people in the United States, causing more than $5.5 million in losses. U.S. Attorney Byung J. Pak says the scheme involved call center operators who called potential victims while impersonating officials from the Internal Revenue Service or individuals offering payday loans.

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ALTOONA, Pa. (AP) — Pittsburgh’s iconic hometown candy bar is returning to Pennsylvania. Boyer Candy Company in Altoona has purchased the rights, recipes and equipment for the Clark Bar from an unidentified seller. The chocolate-coated peanut butter crunch bar was created in Pittsburgh by Irish immigrant D.L. Clark in 1917. The Clark family sold the business in 1955 and ownership has changed several times over the years.

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