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Stocks mostly higher ... Crude rises ... World Bank forecast

June 5, 2018

NEW YORK (AP) — U.S. stocks finished mostly higher as weeks of up-and-down trading, much of it related to trade tensions, gave way to smaller moves. Technology companies, retailers, and U.S.-focused companies kept rising while banks fell with interest rates.

NEW YORK (AP) — The S&P 500 added 1.93 points, or 0.1 percent, to 2,748.80. The Dow Jones industrial average slipped 13.71 points, or 0.1 percent, to 24,799.98. The Nasdaq composite rose 31.40 points, or 0.4 percent, to 7,637.86 and the Russell 2000 climbed 11.25 points, or 0.7 percent, to 1,664.63.

NEW YORK (AP) — Oil prices moved higher. Crude hit a three-year high of $72 a barrel on May 21 but has declined sharply over the past two weeks. U.S. crude picked up 1.2 percent to $65.52 a barrel in New York. Brent crude added 0.1 percent to $75.38 a barrel in London. Gold rose 0.4 percent to $1,302.20 an ounce.

WASHINGTON (AP) — The World Bank says the steadily expanding global economy should remain resilient — at least for a couple of years. The anti-poverty agency predicts global growth will decelerate slightly from a solid 3.1 percent this year to 3 percent next year and 2.9 percent in 2020.

NEW YORK (AP) — News Corp. says it has named Matt Murray as editor-in-chief of its flagship newspaper, The Wall Street Journal, and the Dow Jones Newswires. He succeeds Gerard Baker, who is staying on as the Journal’s editor-at-large, a new position.

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