Stocks end on a high note...Oil prices keep gong down... Microsoft worth more than Apple
NEW YORK (AP) — Stocks have climbed again today. Investors are waiting for President Donald Trump and President Xi Jinping (shee jihn-peeng) of China to meet and discuss trade. They hope it will start to resolve the nations’ trade dispute. The S&P 500 gained 22 points, or 0.8 percent, to close at 2,760. The Dow rose 200 points, or 0.8 percent, to 25,538 and the Nasdaq jumped 57 points, or 0.8 percent, to 7,330. Meanwhile, The Russell 2000 added 7 points, or 0.5 percent, to end the day at 1,533.
NEW YORK (AP) — Oil prices have been falling since early October as supplies have built up. The trend continued today. Benchmark U.S. crude closed down 1 percent at $50.93 a barrel in New York. Meanwhile, Brent crude lost 1.3 percent to end up at $58.71 a barrel in London. In other commodity futures trading, wholesale gasoline lost 0.9 percent to $1.44 a gallon. Heating oil was little changed at $1.85 a gallon and natural gas fell 0.7 percent to $4.61 per 1,000 cubic feet.
NEW YORK (AP) — Microsoft has surpassed Apple as the world’s most valuable publicly traded company. As other tech giants stumble, Microsoft’s steady resilience is paying off. Under CEO Satya Nadella, Microsoft has found stability by moving away from its flagship Windows operating system and focusing on cloud-computing services with long-term business contracts.
BETHESDA, Md. (AP) — Security experts say a data breach that affected up to 500 million guests at Marriott hotels is one of the largest in the past decade in terms of size and scope. The fact that it took four years to discover is problematic, too. They say the richness of the data taken makes the hack unique, especially if the hackers end up being hostile nation-states.
BUENOS AIRES, Argentina (AP) — A top Argentine Treasury official is hopeful a final joint statement will be possible at the Group of 20 summit in Buenos Aires. Laura Jaitman says world leaders have made progress in talks about the challenges of the global economy regarding finance and trade. She adds that. President Donald Trump is “very active and committed” in the dialogue with all members. European officials said earlier that the U.S. is blocking progress.