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Another good day for stocks...Oil prices head higher.... Federal Reserve officials express concerns about rate hikes

January 9, 2019

NEW YORK (AP) — Stocks have cinched their fourth consecutive gain today as indexes around the world build on their early 2019 rally. The S&P 500 index climbed 10 points, or 0.4 percent, to 2,584. The Dow Jones Industrial Average picked up 91 points, or 0.4 percent, to close at 23,879. The Nasdaq composite rose 60 points, or 0.9 percent, to 6,957. And the Russell 2000 index added 12 points, or 0.9 percent, to end the day at 1,438.

NEW YORK (AP) — Oil prices have hit their highest in almost a month after rising for the ninth day in the last 10. Benchmark U.S. crude rose 5.2 percent to $52.36 a barrel in New York. It’s jumped 15 percent so far in 2019. Meanwhile, Brent crude, used to price international oils, added 4.6 percent to $61.44 a barrel in London.

WASHINGTON (AP) — Federal Reserve officials expressed increasing worries when they met last month, as they grappled with volatile stock markets, trade tensions and uncertain global growth. The threats, they said, made the future path of interest rate hikes “less clear.” According to minutes of the Fed’s December gathering, officials believed that with inflation still muted, the central bank could afford to be “patient” about future rate hikes.

NEW YORK (AP) — The food poisoning outbreak blamed on romaine lettuce is over. According to U.S. health officials there haven’t been any new illnesses reported for a month. Investigators have concluded that romaine lettuce grown in central and northern California was the likely source. Harvesting has since shifted to winter growing areas.

DENVER (AP) — Young people from around the world who provided low-cost child care for American families will share in a proposed $65.5 million settlement of a lawsuit brought by a dozen former au pairs against the companies that bring the workers to the United States. Nearly 100,000 au pairs, mostly women, who worked in American homes over the last decade will be entitled to payment under the proposed settlement filed in Denver federal court today.

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