Stocks end on a positive note ...Energy futures higher... Automakers group warns about China-US trade dispute
UNDATED (AP) _ Wall Street has capped a turbulent week with a late-day rally today after shaking off an early slump triggered by the latest escalation in the trade war between the U.S. and China. The S&P 500 index rose 10 points, or 0.4%, to 2,881. The Dow Jones Industrial Average gained 114 points, or 0.4%, to close at 25,942. The Nasdaq added 6 points, or 0.1%, to end up at 7,916. And the Russell 2000 index picked up 2 points, or 0.2%, to finish at 1,572.
UNDATED (AP) _ Energy futures have finished mostly higher today. Benchmark U.S. crude inched 0.1% lower to settle at $61.66 per barrel in New York. But Brent crude, the international standard, closed 0.3% higher at $70.62 per barrel in London. In other futures trading, wholesale gasoline added 0.7% to $1.99 per gallon. Heating oil gained 0.3% to $2.05 per gallon and natural gas picked up 0.9% to $2.62 per 1,000 cubic feet.
WASHINGTON (AP) _ The Association of Global Automakers warns that the Trump administration's decision to increase tariffs on Chinese imports will hurt exports of American-made vehicles. Don Stewart, executive vice president of public affairs, says the auto industry "shares the goals of the negotiations to make much needed changes on the way China does business, but there are other tools to get that done that will not impact American auto workers."
YOUNGSTOWN, Ohio (AP) _ A federal judge has ruled that a lawsuit filed by the United Auto Workers against General Motors over the closing of three plants should be heard in Ohio. The Warren Tribune-Chronicle reports U.S. District Judge Benita Pearson in Youngstown, Ohio, has dismissed GM's arguments that the case should be moved to a federal court in Detroit for convenience. The headquarters for GM and the UAW are in Detroit.
GENEVA (AP) _ United Nations officials say nearly all of the world's countries have agreed on a deal to better manage plastic waste, with the United States a notable exception. A "legally binding framework" that affects thousands of types of plastic waste emerged Friday after a two-week meeting of U.N.-backed conventions on plastic waste and toxic chemicals. Countries will have to monitor and track movements of plastic waste outside their borders.