Stocks at record highs...Oil prices edge higher... New Energy Department plan draws fire
NEW YORK (AP) — Stock indexes drifted back to record highs today as investors got ready for another round of corporate reports to begin. Technology, health care and household goods companies all rose. The S&P 500 rose over 4 points to 2,555. The climbed 42, to 22,872 and the Nasdaq closed up 16 points at 6,603. All three closed at record highs. . The Russell 2000 index of smaller-company stocks edged down 1 point, to 1,506.
NEW YORK (AP) — Oil futures are up today. Benchmark U.S. crude oil rose 38 cents to $51.30 a barrel in New York. At the same time, Brent crude, used to price international oils, added 33 cents to $56.94 a barrel in London. Meanwhile, wholesale gasoline picked up 2 cents to $1.61 a gallon.
WASHINGTON (AP) — The Trump administration says coal is back and nuclear energy is cool. An Energy Department plan would reward nuclear and coal-fired power plants for adding reliability to the nation’s power grid. A coalition of business and environmental groups says it should not be at the expense of natural gas and wind and solar power. Energy Secretary Rick Perry says the plan is needed to prevent widespread outages such as those caused by storms.
NEW YORK (AP) — A hotel under construction at the long-closed TWA Flight Center at New York’s Kennedy Airport will conjure the glamour of air travel in 1962, when architect Eero Saarinen’s jet-age landmark first opened. The $265 million hotel will have a rooftop pool and a museum stocked with artifacts, The TWA terminal closed in 2001, when TWA was acquired by American Airlines. The hotel is scheduled to open in early 2019.
BOSTON (AP) — A Massachusetts fishing magnate known as The Codfather who was convicted of evading fishing quotas and smuggling money to Portugal must forfeit four boats and 34 fishing permits. A federal judge’s order came today in Carlos Rafael’s case. Rafael pleaded guilty to charges including tax evasion and false labeling and fish identification and was sentenced last month to nearly four years in prison.