Stocks finish lower...Oil goes higher... Pentagon buys Microsoft headgear
NEW YORK (AP) — Stocks have finished lower after an afternoon rally faded away. Banks and technology companies fell after the market pulled off a huge rally the day before. The S&P 500 shed 6 points, or 0.2 percent, to close at 2,737.. The Dow Jones Industrial Average ended the day at 25,338, down just 27 points, or 0.1 percent. The Nasdaq slid 18 points, or 0.3 percent, to 7,273 and the Russell 2000 lost 5 points, or 0.3 percent, to close at 1,525.
NEW YORK (AP) —Oil prices are up today. Benchmark U.S. crude rose 2.3 percent to finish at $51.45 a barrel in New York. Across the Atlantic, Brent crude edged up 1.3 percent to $59.51 a barrel in London. In other commodities trading, wholesale gasoline jumped 4.1 percent to $1.45 a gallon. Heating oil edged up 0.3 percent to $1.84 a gallon. Natural gas slipped 1.1 percent to $4.65 per 1,000 cubic feet.
UNDATED (AP) —Virtual- and augmented-reality headsets haven’t had much traction in the consumer market, but they’re finding a place on the battlefield. The U.S. Army has awarded Microsoft a $480 million contract to supply its HoloLens headsets to soldiers. Microsoft says the technology will provide troops with better information to make decisions. Military bidding documents say the technology will be used for both training and fighting.
NEW YORK (AP) — Lyft has completed its acquisition of Motivate, the nation’s largest bike-sharing company. The deal is part of the San Francisco-based ride-hailing company’s goal of offering an array of transportation options within one app and reducing individual car ownership. Financial details have not been disclosed. Motivate operates bike share systems in New York, Washington, D.C., San Francisco and elsewhere.
FRANKFURT, Germany (AP) — German authorities search the headquarters of Deutsche Bank in Frankfurt and other offices on the suspicion bank employees helped clients set up offshore companies in tax havens to launder hundreds of millions of euros. The investigation began after an analysis of online document leaks.