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US stock indexes edging lower ... Robust US home price gains cool slightly in April ... Consumer confidence rises in June

June 27, 2017

NEW YORK (AP) — U.S. stock indexes are edging lower in early trading today, led by declines in phone and utilities companies. Banks are up the most. Energy stocks also are up as crude oil prices head higher. Investors have had their eye on the latest company earnings and deal news. At 10:43 a.m. Eastern Time, the Dow was up 12 points at 21,422. The S&P 500 was up less than a fraction of a point at 2,439. And the Nasdaq was down 16 points at 6,231.

WASHINGTON (AP) — U.S. home prices rose at a healthy clip in April, though the increase slowed a bit from the previous two months. The Standard & Poor’s CoreLogic Case-Shiller 20-city home price index climbed 5.7 percent in April, after increases of 5.9 percent in March and February. Those gains were the highest in nearly three years. Home prices are rising roughly twice as fast as average wages, a dynamic that may eventually stifle sales by thwarting would-be homeowners.

WASHINGTON (AP) — U.S. consumers became more confident in June —with more Americans pleased by current conditions but slightly less hopeful about what the next six months hold. The Conference Board says its consumer confidence index rose to 118.9 this month from 117.6 in May. The gains suggest that many Americans expect the economy to keep expanding, although the pace of growth is unlikely to accelerate much.

BRUSSELS (AP) — European regulators have given Google 90 days to stop directing customers to its own online shopping business or face additional fines. The European Union already has slapped a record 2.42 billion-euro ($2.72 billion) fine on Google for taking advantage of its dominance in online searches. Google says it is considering an appeal.

PARIS (AP) — A new and highly virulent outbreak of malicious data-scrambling software appears to be causing mass disruption across Europe, hitting Ukraine especially hard. Company and government officials report serious intrusions at the Ukrainian power grid, banks and government offices, where one senior official posted a photo of a darkened computer screen and the words, “the whole network is down.”

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