More stock marked records...Oil prices climb... Big chip investment in Virginia
Aug. 29, 2018
NEW YORK (AP) — U.S. stocks climbed again today, driven by gains for big technology companies and Amazon as well as the prospect of better trade deals. The S&P 500 and Nasdaq finished at record highs for the fourth day in a row. The S&P 500 advanced 16 1/2 points, to 2,914. The Dow rose 60 ½ points, to close at 26,124. The Nasdaq jumped over 79 points, to 8,109. And the Russell 2000 added 6 points to end the day at 1,734.
NEW YORK (AP) — Oil futures are higher today. Benchmark U.S. crude rose 1.4 percent to $69.51 a barrel in New York while Brent crude, used to price international oils, gained 1.6 percent to $77.14 a barrel in London. In other commodities trading, wholesale gasoline rose 1.3 percent to $2.11 a gallon. Heating oil added 1.4 percent to $2.24 a gallon and natural gas gained 1.5 percent to $2.90 per 1,000 cubic feet.
MANASSAS, Va. (AP) — One of the world's largest semiconductor companies is making a $3 billion investment in northern Virginia to expand its manufacturing facility and add 1,100 jobs. Virginia Gov. Ralph Northam said the decision by Boise, Idaho-based Micron Technology to expand its Manassas facility is "one of the largest manufacturing investments in the history of this commonwealth" at a groundbreaking ceremony today.
SALT LAKE CITY (AP) — Two Salt Lake City biodiesel executives linked to a polygamous group will stay in jail on federal charges in an alleged $500 million tax credit scheme. A federal judge denied an effort today to immediately release defendant Isaiah Kingston. His lawyer says allegations he would flee to Turkey if released are false and misleading. Jacob Kingston's lawyer didn't seek her client's immediate release but he has an upcoming detention hearing.
ROANOKE, Va. (AP) — Federal regulators have allowed construction to resume along a portion of the Mountain Valley Pipeline's route through West Virginia and southwest Virginia. The Roanoke Times reports the Federal Energy Regulatory Commission cited an analysis by the U.S. Bureau of Land Management which said the pipeline's approved 303-mile route through the Jefferson National Forest is the best alternative.