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Stocks close down...Oil prices hold steady... FDA expands use of cervical cancer vaccine

October 5, 2018

NEW YORK (AP) — Stock and bond prices have fallen again after the Labor Department said the economy continues to add jobs at a strong pace, and investors worried about a three-day surge in yields. The S&P 500 lost 16 points, or 0.6 percent, to close at 2,885 while the Dow dipped 180 points, or 0.7 percent, to 26,447. The Nasdaq skidded 91 points, or 1.2 percent, to 7,788 while the Russell 2000 lost over 14 points, or 0.9 percent, to end the day at 1,632.

NEW YORK (AP) — There has not been much movement on the oil front today. Benchmark U.S. crude was little changed at $74.34 a barrel in New York and Brent crude, the standard for international oil futures, fell 0.5 percent to $84.16 a barrel in London. In other commodity futures, wholesale gasoline slipped 0.7 percent to $2.09 a gallon. Heating oil dipped 0.3 percent to $2.39 a gallon and natural gas fell 0.7 percent to $3.14 per 1,000 cubic feet.

UNDATED (AP) — Federal regulators have expanded the use of Merck’s cervical cancer vaccine to adults up to age 45. The vaccine was previously only for preteens and young adults through 26. The Food and Drug Administration today approved use of Gardasil 9 (GARR’-duh-sill) for women and men through 45. The vaccine protects against the human papilloma virus — or HPV — which can cause cervical cancer, certain other cancers and genital warts.

BATAVIA, N.Y. (AP) — A western New York shoe manufacturer founded by two Civil War veteran brothers more than 150 years ago has closed, putting its 82 employees out of work. P.W. Minor in Batavia shut down today. A layoff notice filed with the state Department of Labor says the company would close Oct. 5. A layoff notice filed in September had said the company planned to cut 45 jobs but remain open. The company says it closed for economic reasons.

CHICAGO (AP) — New contract agreements have been reached at four more downtown Chicago hotels, nearly a month after strikes began at about two dozen locations. Workers union Unite Here Local 1 and Hyatt Hotels say the new deals reached Thursday include three of the company’s hotels and meet the union’s major demand of year-round health insurance for employees who are laid off during slower months. The fourth agreement was with the Holiday Inn Mart Plaza.

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