Tech stocks drop...Oil prices decline ... Trump says trade talks with Canada are intense
Sep. 05, 2018
NEW YORK (AP) — Technology company stocks have dropped today as Facebook and Twitter executives testified before Congress. Consumer-focused companies like Amazon and Netflix also slumped. The S&P 500 index slid 8 points to 2,888. The tech-heavy Nasdaq composite, tumbled 96 points to 7,995. And the Russell 2000 index of smaller-company stocks lost over 5 points to close at 1,727. But the Dow Jones Industrial Average rose 22 ½ points, to 25,974.
NEW YORK (AP) — Oil prices are down. Benchmark U.S. crude declined 1.6 percent to $68.72 per barrel in New York today while Brent crude, used to price international oils, shed 1.2 percent to $77.27 per barrel in London. In other commodity futures trading, wholesale gasoline lost 1.5 percent to $1.96 a gallon. Heating oil fell 0.9 percent to $2.23 a gallon. And natural gas slid 1 percent to $2.80 per 1,000 cubic feet.
WASHINGTON (AP) — President Donald Trump describes ongoing trade talks with Canada as "intense" but says the United States doesn't have much to lose. "If it doesn't work out ... that's going to be fine for our country," he says and adds "It won't be fine for Canada." Canada is in talks to stay in a regional trade bloc with the United States and Mexico. Canada relies on the U.S. to buy about 75 percent of its exports.
NEW YORK (AP) — Sprouts plans to test curbside grocery pickup, following bigger chains like Walmart and Kroger that have been expanding the service, in which groceries are ordered online and picked up at the store, as a way to make shopping more convenient and boost sales. CEO Amin Maredia says the tests will occur in the next few months. Phoenix-based Sprouts Farmers Market Inc. has more than 300 stores around the country.
BISMARCK, N.D. (AP) — The lone remaining environmental group facing racketeering accusations by the developer of the Dakota Access oil pipeline has asked a federal judge to be dismissed from the case. Greenpeace attorneys say revised allegations by Texas-based Energy Transfer Partners under the Racketeer Influenced and Corrupt Organizations Act are "generalized and implausible."