Stocks end the week higher... Oil prices go up... Fiat Chrysler recall
NEW YORK (AP) — Stocks are mostly higher as traders wrap up a subdued week. Technology companies did most of the heavy lifting. Investors were also pleased to see that shoppers spent more money in September. The S&P 500 added 2 points, to close at 2,553. The Dow climbed over 30 points to 22,871. And the Nasdaq gained 14 to close at a record high of 6,605. The Russell 2000 index of smaller-company stocks slid 2 1/2 points to 1,502.
NEW YORK (AP) — Oil futures finished higher today. Benchmark U.S. crude picked up 85 cents, or 1.7 percent, to $51.45 a barrel in New York. At the same time, Brent crude, used to price international oils, gained 92 cents, or 1.6 percent, to $57.17 a barrel in London. Meanwhile, wholesale gasoline rose 4 cents to $1.62 a gallon.
DETROIT (AP) — Fiat Chrysler is recalling nearly 470,000 older vehicles worldwide to fix a problem with headrests that can malfunction in rear collisions. The recall covers certain 2012 Jeep Liberty SUVs and 2012 and 2013 Chrysler 200 and Dodge Avenger midsize sedans. Fiat Chrysler says a safety restraint control computer can degrade after several years. That can stop the headrests from moving forward in a crash to protect front-row occupants from whiplash injuries.
DETROIT (AP) — Ford is offering to inspect and repair about 1.3 million civilian versions of its Explorer SUV at no cost to owners in response to complaints of exhaust fumes leaking into passenger cabins. The company maintains the vehicles are safe, but says it will do the work because some customers are concerned. Ford says it will send letters to owners of 2011 through 2017 Explorers starting the week of Nov. 13.
WASHINGTON (AP) — The Trump administration has reached a deal with three major agribusiness companies for new voluntary labeling requirements for a controversial herbicide blamed for damaging crops. The Environmental Protection Agency says its agreement with Monsanto, BASF and DuPont relates to the application of dicamba, which is used to control weeds in fields of genetically modified cotton and soybeans.