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Strong Wall Street trading day ... US-China-Currency ... United States-Greece Economy

October 17, 2017

NEW YORK (AP) — Gains by health care companies led U.S. stock indexes mostly higher today, pushing the market further into record territory. The Dow Jones industrial average briefly climbed above the 23,000 mark for the first time, settling just below the milestone. Slight gains nudged the Dow and Standard & Poor’s 500 indexes to new highs for the second straight day this week. The S&P 500 index added 1.72 points. The Dow picked up 40.48 points and the Nasdaq composite slipped 0.35 points.

WASHINGTON (AP) — The Trump administration has once again declined to label China a currency manipulator, even though Donald Trump repeatedly pledged during last year’s presidential campaign that he would do so as soon as he took office. Instead, the administration, in a report it must issue every six months, kept China and four other nations — Germany, Japan, South Korea and Switzerland — on a watch list for special attention because of their large trade surpluses with the United States.

WASHINGTON (AP) — President Donald Trump reaffirmed the United States’ commitment to Greece’s economic recovery at the White House today. The pledge came in a meeting that allowed the country’s prime minister to brush aside rough comments he made about Trump during the 2016 campaign. Trump, joining with Prime Minister Alexis Tsipras, said Greece had “gone through a lot” during its extended period of economic hardships but vowed that the U.S. would remain steadfast as the country executes its debt-relief plan.

PARIS (AP) — Airbus scored a point in its high-stakes rivalry with Boeing by striking a deal just across the U.S. border.The European plane maker reached an unusual, no-cost deal with Canada’s Bombardier that sent Airbus shares up Tuesday. The agreement also boosts both companies’ prospects in Asia and should save thousands of Bombardier jobs from Quebec to Northern Ireland.

WASHINGTON (AP) — The Senate is moving ahead on a Republican budget plan, a critical step in President Donald Trump and the party’s politically imperative drive to cut taxes and simplify the IRS code. The nonbinding budget plan would permit Republicans to pass follow-up tax cuts later this year that would cost up to $1.5 trillion over the coming decade.

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