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Stocks slip...Oil prices fall... Aviation system affected by shutdown

January 11, 2019

NEW YORK (AP) — Stock indexes nestled a hair lower today after the falling price of oil weighed on energy companies, but the S&P 500 still closed out its third straight winning week following a brutal stretch in December. The S&P 500 edged down by 0.38 points, or less than 0.1 percent, to 2,596. The Dow dipped 6 points, or less than 0.1 percent, to 23,995. The Nasdaq lost 14, or 0.2 percent, to 6,971, And the Russell 2000 ticked up by 2 points or 0.1 percent, to 1,447.

NEW YORK (AP) — The price of oil is down today. Benchmark U.S. crude lost 1.9 percent to settle at $51.59 per barrel in New York. Meanwhile, Brent crude, the international standard, sank 1.9 percent to $60.48 a barrel in London. In other energy futures trading, natural gas gained 4.4 percent to $3.10 per 1,000 cubic feet. Heating oil lost 1.4 percent to $1.88 per gallon, and wholesale gasoline slipped 2.1 percent to $1.40 per gallon.

UNDATED (AP) — The partial government shutdown is starting to strain the national aviation system, with unpaid security screeners staying home, air-traffic controllers suing the government and safety inspectors off the job. Miami airport will close one of its concourses most of Saturday, Sunday and Monday to make sure TSA can staff the remaining security checkpoints. Also, air traffic controllers are suing the government, claiming they’re illegally being denied pay.

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin says the next round of trade negotiations with China will likely occur later this month in Washington. Mnuchin says Vice Premier Liu He is expected to lead a delegation to Washington “later in the month.” The Treasury secretary says that the partial government shutdown “would have no impact” on the efforts to reach a trade deal by a March 1.

MINNEAPOLIS (AP) — Google is looking into building a $600 million data center in central Minnesota that would be powered by two wind farms. Minneapolis-based Xcel Energy disclosed the data center project in a regulatory filing. The Google facility proposed in Becker would mark one of the largest private construction projects in recent state history and create about 50 full-time tech jobs.

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