Stock market posts gain ...Oil prices continue rally... Treasury secretary to brief Congress on Russian sanctions
NEW YORK (AP) — A day of back-and-forth trading has ended with the fifth gain in a row for stocks. Industrial companies and chipmakers were among the biggest winners while retailers fell. The S&P 500 rose 11 points, or 0.5 percent, to 2,596. The Dow industrials gained 122 points, or 0.5 percent, to close at 24,001. The Nasdaq rose 28 points, or 0.4 percent, to 6,986. And the Russell 2000 picked up 6 points, or 0.5 percent, to end the day at 1,445.
NEW YORK (AP) — Oil prices have extended their rally to a ninth consecutive day. Benchmark U.S. crude added 0.4 percent to $52.59 a barrel in New York today. It’s now up 23.7 percent since hitting an 18-month low on Dec. 24. Meanwhile, Brent crude, the international standard, slid 0.4 percent to $61.68 a barrel in London.
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin (mih-NOO’-shin) plans to tell lawmakers in a classified briefing that the Trump administration will keep strict U.S. sanctions on the Russian oligarch Oleg Deripaska. Democrats asked Mnuchin to brief the House about the agreement to lift sanctions on three companies Deripaska has owned or controlled. They say the deal appears to allow the Russian to keep “significant ownership” of one of the companies.
DETROIT (AP) — Fiat Chrysler is recalling more than 1.6 million vehicles worldwide to replace Takata front passenger air bag inflators that can be dangerous. The recall covers the 2010 through 2016 Jeep Wrangler SUV, the 2010 Ram 3500 pickup and 4500/5500 Chassis Cab trucks, the 2010 and 2011 Dodge Dakota pickup, the 2010 through 2014 Dodge Challenger muscle car, the 2011 through 2015 Dodge Charger sedan, and the 2010 through 2015 Chrysler 300 sedan.
PROVIDENCE, R.I. (AP) — The. Securities and Exchange Commission and Wells Fargo Securities say they’ve agreed in principle to settle a lawsuit over Rhode Island’s failed $75 million deal with former Red Sox pitcher Curt Schilling’s videogame company. The SEC sued Wells Fargo and Rhode Island’s economic development agency, accusing them of making misleading statements about bonds used to fund the deal to move 38 Studios from Massachusetts to Rhode Island.