Stocks solidly higher...Household wealth hits record...Lawmakers’ Google accounts targeted
NEW YORK (AP) — A weaker dollar and a mix of mostly encouraging economic reports is helping to put investors in a buying mood, and stocks are solidly higher today. The Dow and the S&P 500 have been trading above their all-time highs. Technology stocks, banks and health care companies accounted for much of the rally. Homebuilders slumped following new data showing flat home sales in August and surging mortgage-rates.
WASHINGTON (AP) — Solid stock market returns lifted U.S. household wealth to a record $106.9 trillion in the April-June quarter. It’s a culmination of a decade of economic recovery but a gain that is concentrated largely among the most affluent. The Federal Reserve says the value of Americans’ stock and mutual fund portfolios rose $800 billion, while home values increased $600 billion.
BOSTON (AP) — A Google spokesman says the company has notified an unspecified number of senators and aides that their personal email accounts continue to be targeted by state-backed foreign hackers. Spokesman Aaron Stein would not disclose further details such as who was behind the attempted break-ins, their timing or who was targeted.
DETROIT (AP) — Nissan recalled more than 215,000 cars and SUVs in the U.S. due to a fire risk and is advising people to park the vehicles outdoors in rare cases. The company says an anti-lock brake pump can leak brake fluid onto a circuit board, causing an electrical short and increasing the fire risk. If drivers see the anti-lock brake warning lamp for more than 10 seconds after starting the engine, Nissan urges them not to drive the vehicles and park them outdoors.
NEW YORK (AP) — The Gap is stepping in to the men’s athleisure wear game, which has exploded in recent years. The clothes are intended to be formal enough to wear to the office, at least on casual Friday, and suitable for the gym or yoga studio directly afterward. Gap’s Hill City brand will roll out in mid-October at hillcity.com and will be on display at 50 of the clothing chain’s Athleta stores.