Wall Street up slightly ...Home sales rose in May ... New low for oil prices
NEW YORK (AP) — U.S. stock indexes held steady in early trading today after the price of oil stabilized. Markets elsewhere around the world were mixed, while stocks in mainland China got a small boost after they got the OK to join a widely followed index of emerging-market stocks. At 10:44 a.m. Eastern Time, the Dow was up 9 points at 21,477. The S&P 500 was up 5 points, at 2,442. And the Nasdaq was up 44 points, at 6,232.
WASHINGTON (AP) — Americans bought homes at a quicker pace in May, but the housing market may soon face turmoil because of a shortage of properties for sale and surging prices. The National Association of Realtors says sales of existing homes edged up 1.1 percent last month to a seasonally adjusted annual rate of 5.62 million units. Sales have risen 2.7 percent over the past 12 months.
LONDON (AP) — Oil prices fell further to a new 7 month low today, with the international benchmark for crude sliding below $46 a barrel. That is just below the price seen in November, when OPEC and 10 other oil-producing countries agreed to cut their production to combat a growing supply glut and push the market up. While Russia, Saudi Arabia and other nations involved in the deal have met their targeted cuts, an unforeseen increase in U.S. supply countered those efforts.
WASHINGTON (AP) — Ivanka Trump is heading back to Capitol Hill to discuss workforce issues with Republican lawmakers. A spokesman for House Majority Leader Kevin McCarthy says she’ll meet with McCarthy and other lawmakers for “a discussion on improvements to our workplace and workforce.” Ivanka Trump appeared with President Donald Trump last week to promote a White House effort to expand apprenticeships.
ZAGREB, Croatia (AP) — Hundreds of Croatian taxi drivers blocked one of the capital’s main boulevards with their cars today to protest against Uber services in the country. They demanded that the U.S.-based ride-hailing company’s app be banned, claiming it has been operating illegally in the country for two years. The Croatian government discussed the protesters’ demands today, and the country’s prime minister said that the use of Uber’s app is illegal and must be regulated.