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Dow hits new high...Oil prices continue to rise... Hotel strike in Boston

October 3, 2018

NEW YORK (AP) — Encouraging reports on hiring and growth in the service sector has sent small company and bank stocks higher today and have knocked bond prices into a tailspin. The S&P 500 rose 2 points, or 0.1 percent, to 2,925. The Dow rose 54 points, or 0.2 percent, to close at 26,828, another all-time high. The Nasdaq composite picked up 25 ½ points, or 0.3 percent, to 8,025. And the Russell 2000 index climbed 15 points, or 0.9 percent, to 1,671.

NEW YORK (AP) — Oil is up today. Benchmark U.S. crude jumped 1.6 percent to settle at $76.41 a barrel in New York. U.S. crude has hit four-year highs this week. Meanwhile, Brent crude, used to price international oils, rose 1.8 percent at $86.29 a barrel in London. In other commodity futures, wholesale gasoline edged up 0.5 percent to $2.14 a gallon. Heating oil rose 1.2 percent to $2.44 a gallon and natural gas climbed 2 percent to $3.23 per 1,000 cubic feet.

BOSTON (AP) — Hotel workers are walking out at seven Marriott hotels in Boston. The Unite Here labor union says more than 1,500 unionized housekeepers, cooks, bartenders, bellhops, dishwashers and other workers officially went on strike at 5 a.m. today after months of failed contract negotiations. Similar strikes are being considered in San Francisco, Detroit, Seattle, San Jose, San Diego, Oakland and Honolulu.(backslash)

LONDON (AP) — Ireland’s data regulator has launched an investigation of Facebook over a recent data breach that allowed hackers access 50 million accounts. The Irish Data Protection Commission says it will look into whether the U.S. social media giant complied with European regulations that went into effect earlier this year covering data protection. Ireland is Facebook’s lead privacy regulator for Europe.

ATLANTIC CITY, N.J. (AP) — Eldorado Resorts has completed its purchase of Atlantic City’s Tropicana casino. The Press of Atlantic City reports the deal finished Monday comes after the New Jersey Casino Control Commission granted the Reno, Nevada-based company interim authority to own the casino. The agency still has to approve a full casino license for Eldorado.

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