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Modest gains ... President explains ... Gambling surge

May 14, 2018

NEW YORK (AP) — The major U.S. stock indexes eked out small gains today after a late-afternoon pullback weighed on small-company shares. The market had been broadly higher earlier in the day on hopes that trade tensions were easing between the U.S. and China. But much of that rally faded.

NEW YORK (AP) — The S&P 500 index added 2.41 points, or 0.1 percent, to 2,730.13. The Dow Jones industrial average climbed 68.24 points, or 0.3 percent, to 24,899.41. The Nasdaq composite rose 8.43 points, or 0.1 percent, to 7,411.32.

WASHINGTON (AP) — President Donald Trump is explaining his sudden — and surprising — push to allow a Chinese telecommunications company resume importing components from the U.S. Trump tweets that ZTE “buys a big percentage of individual parts from U.S. companies.”

NEW YORK (AP) — Casino operators and equipment makers surged after the Supreme Court struck down a federal law that barred gambling on football, basketball and other sporting events in most states. The 6-3 decision gives states the go-ahead to legalize sports betting.

NEW YORK (AP) — Benchmark U.S. crude oil rose 26 cents to settle at $70.96 a barrel in New York. Brent crude, used to price international oils, gained $1.11, or 1.4 percent, to $78.23 a barrel in London. Gold fell $2.50 to $1,318.20 an ounce.

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