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Futures higher ... Crude retreats ... Congress passes budget accord

February 9, 2018

BEIJING (AP) — Global stock prices sank today after the Dow Jones industrials plummeted more than 1,000 points, deepening a week-long sell-off. On Wall Street, futures for the Dow and Standard & Poor’s 500 index were up an unusually large 0.7 percent, suggesting traders might be trying to take advantage of lower prices to buy.

NEW YORK (AP) — Benchmark U.S. crude lost 64 cents to $60.51 per barrel in electronic trading on the New York Mercantile Exchange. It fell 64 cents the previous session to $61.15. Brent crude lost 51 cents to $64.33 in London. It retreated 70 cents on Thursday to $68.81. In currency markets, the dollar edged up to 109.18 yen from Thursday’s 108.73 yen.

WASHINGTON (AP) — On Capitol Hill, the House has narrowly passed a sweeping bipartisan budget accord, ending an hours-long government shutdown and clearing a path for huge spending increases for both the Pentagon and domestic programs. The 240-186 vote sends the $400 billion spending plan to President Donald Trump, who has promised to sign it.

BEIJING (AP) — China’s auto sales growth in January rebounded from the previous month’s contraction, boosted by strong demand for SUVs. The China Association of Automobile Manufacturers says sales of sedans, SUVs and minivans rose 10.7 percent from a year earlier to 2.4 million. Total vehicle sales including trucks and buses rose 13.6 percent to 2.7 million.

SAN FRANCISCO (AP) — Canadian Prime Minister Justin Trudeau (troo-DOH’) will be spending a second day in California meeting with Gov. Jerry Brown and Lt. Gov. Gavin Newsom. Trudeau has picked up promises of investments and jobs during his first visit to San Francisco, where he promoted Canada as a destination for California technology firms frustrated by uncertain U.S. immigration laws.

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