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Stock market ends mixed...Oil prices flat... Wells Fargo recovers from outage

February 8, 2019

NEW YORK (AP) — A late-day recovery has erased much of the early losses on Wall Street, leaving major indexes mixed at the close. The market is coming off a steep drop in December, followed by the best January in three decades. The S&P 500 edged up 1 point today to 2,707. The Dow fell 63 points, or 0.3 percent, to 25,106 and the Nasdaq edged up 9 points, or 0.1 percent, to 7,298. The Russell 2000 index picked up 0.77 points, or 0.1 percent, to 1,506.

NEW YORK (AP) — Crude oil futures prices ended nearly flat on the New York Mercantile Exchange today. The near-month contract for the benchmark grade rose eight cents, closing at $52.72 a barrel.

NEW YORK (AP) — Wells Fargo’s technical problems lingered into a second day as the bank continues to recover from a possible fire at one of its data centers. The bank says most of the disrupted services have been restored, but employees and customers had trouble accessing information on their direct deposits earlier in the day. Wells Fargo is extending branch hours by one hour today and tomorrow to help customers deal with any issues they may have had.

WASHINGTON (AP) — The Environmental Protection Agency’s latest enforcement figures show some sharp declines compared with the Obama administration. The EPA released enforcement totals for fiscal year 2018 Friday, amid criticism from environmental groups that the Trump administration is easing enforcement of polluters. The agency carried out 22 civil investigations last year. That’s down from 40 in 2017 and from 125 in 2016.

MINNEAPOLIS (AP) — Target has modified its smartphone app after a Minneapolis TV station reported that prices displayed on the app changed whenever users approached the retailer’s stores, sometimes rising by hundreds of dollars. KARE-TV reports the retailer recently released an updated version of its app that labels whether the price next to a product is “online” or “in-store.” Target says the updates to the app make it easier for customers to understand pricing policy.

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