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Great week on Wall Street ...Oil prices reverse losing streak... FDA investigating salad woes at McDonald’s earlier this year

August 24, 2018

UNDATED (AP) — Wall Street has ended a week of milestones with a few more. The S&P 500 index closed at an all-time high today, The Nasdaq composite and the Russell 2000 indexes also ended the day at all-time highs. The S&P 500 gained over 17 points to close at 2,874. The Dow rose 133 points to 25,790. The Nasdaq added 67 1/2 points, to 7,945. And the Russell 2000 index picked up over 8 points to end the day at 1,725.

UNDATED (AP) — The price of oil has snapped a seven-week losing streak, finishing this week about 5 percent higher. Benchmark U.S. crude gained 1.3 percent today to settle at $68.72 per barrel in New York. At the same time, Brent crude, used to price international oils, rose 1.5 percent to close at $75.82 per barrel in London.

CHICAGO (AP) — Federal health officials say they’ve confirmed more than 500 cases of people who became sick with an intestinal illness after eating McDonald’s salads. The illnesses reported earlier this year are linked to the cyclospora parasite, which can cause diarrhea, intestinal pain, nausea or fatigue. The Food and Drug Administration says that 507 cases have been confirmed in 15 states and New York City.

UNDATED (AP) — Cigna shareholders are backing the insurer’s planned takeover of Express Scripts, a deal that activist investor Carl Icahn has urged them to reject. Cigna says about 90 percent of votes cast today were in favor of the roughly $52-billion deal, which also received broad approval from Express Scripts shareholders. Icahn warns that Cigna is paying too much for the pharmacy benefit manager. The deal still needs regulatory approval.

NEW YORK (AP) — Best known for its work on high-profile cyberattacks against companies like Target, the security firm FireEye is emerging as a key player in the fight against election interference and propaganda campaigns. Major social media sites, such as Google, YouTube, Facebook and Twitter, are using FireEye as they step up their policing of online disinformation campaigns.

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