Stocks edge downward...Slight losses for oil... New product approved for emergency allergy medication
NEW YORK (AP) — Stocks are down today. Technology firms and small companies skidded. But investors bought high-dividend stocks, which pulled the market away from steeper losses. The S&P 500 lost 5 points to close at 2,432. The Dow dipped over 14 points to end the day at 21,359. after it closed at a record high Wednesday. The Nasdaq dropped 29 points to 6,165 and the Russell 2000 index of small-company stocks fell 7 points to 1,410.
NEW YORK (AP) — There are slight losses in the oil futures market today. Benchmark U.S. crude fell another 27 cents to $44.46 a barrel in New York. At the same time, Brent crude, used to price international oils, lost 8 cents to $46.92 a barrel in London.
UNDATED (AP) — Federal regulators have approved new competition for EpiPen, the emergency allergy medicine. The Food and Drug Administration approved Adamis (ad-DEHM-iss) Pharmaceuticals Corp.‘s product, which should go on sale later this year. Symjepi (sim-JEPP’-ee) is a syringe prefilled with the hormone epinephrine, which helps stop life-threatening allergic reactions. Adamis says it will be much cheaper than EpiPens.
FRANKFURT, Germany (AP) — A new survey shows that public approval of the European Union has rebounded dramatically compared with a year ago. The poll results from the U.S.-based Pew Research Center show that majorities in nine of 10 EU member countries now hold a favorable view of the 28-country economic and political bloc. The research center says the upswing is the latest shift in an up-and-down cycle over the past decade.
UNDATED (AP) — Federal officials are screening some carry-on bags with 3-D scanning technology, which they say improves the ability to find bombs. The Transportation Security Administration says it’s testing computed tomography, or CT, scanning at one checkpoint at Phoenix Sky Harbor International Airport. The technology is already used for screening checked luggage. TSA says it will expand the test to Boston’s Logan Airport later this month.