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Stocks indexes stumble...Oil prices steady...Tusk: Brexit deal could be signed this year

October 6, 2018

NEW YORK (AP) — The U.S. economy continues to add jobs at a strong pace. But stock and bond prices fell again Friday. Investors are worried about a three-day surge in yields. The S&P 500 lost 16 points, or 0.6 percent, to close at 2,885. The Dow dropped 180 points, or 0.7 percent, 26,447. On other indexes, the trends were the same. The Nasdaq skidded 91 points, or 1.2 percent, to close at 7,788 and the Russell 2000 lost over 14 points, or 0.9 percent, to drop to 1,632.

NEW YORK (AP) —Oil prices are holding steady. Benchmark U.S. crude was little changed Friday at $74.34 a barrel in New York and Brent crude, the standard for international oil futures, fell 0.5 percent to $84.16 a barrel in London. Meanwhile, wholesale gasoline slipped 0.7 percent to $2.09 a gallon. Heating oil dipped 0.3 percent to $2.39 a gallon and natural gas fell 0.7 percent to $3.14 per 1,000 cubic feet.

LONDON (AP) — Top European Union official Donald Tusk sees a chance that an initial agreement on Britain’s turbulent departure from the 28-nation bloc could be signed still this year. EU Council President Tusk said Saturday that at the Oct. 17 EU summit, both Britain and the EU will try to finish their debates or at least bring their positions close. If necessary, a dedicated council meeting could follow in November.

UNDATED (AP) — U.S. regulators are expanding the use of Merck’s cervical cancer vaccine to adults up to age 45. The vaccine was previously only for preteens and young adults through 26. The Food and Drug Administration approved Gardasil 9 for women and men through 45. It protects against the human papilloma virus — or HPV — which can cause cervical cancer, certain other cancers and genital warts. The virus is very common and is spread through sex.

FLINT, Mich. (AP) — A $480,000 donation from the Musk Foundation will allow schools in Flint, Michigan, to install ultraviolet water filtration systems to drinking fountains. Flint Community Schools say the donation from tech billionaire Elon Musk’s foundation comes as the district works to find a long-term solution to the city’s lead-tainted water crisis. The systems are expected to be installed all 12 schools and the district’s administration building by the end of January.

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