Records set on Wall Street... Oil futures drop... Mortgage rates hold steady
UNDATED (AP) _ The Dow Jones Industrial Average climbed above 27,000 for the first time after a turbulent day on Wall Street. The Dow climbed 227 points, or 0.8%, to 27,088. The S&P 500 also hit a closing high milestone of its own, a day after its first move above 3,000. The S&P 500 rose 6 points, or 0.2%, to 2,999. But the Nasdaq fell 6 points, or 0.1%, to 8,196. And Russell 2000 index of smaller company stocks dropped 7 points, or 0.5%, to 1,557.
UNDATED (AP) _ Oil futures are down a little. Benchmark U.S. crude fell 23 cents to settle at $60.20 a barrel in New York. At the same time, Brent crude oil, the international standard, dropped 49 cents to close at $66.52 a barrel in London. In other energy futures trading, wholesale gasoline fell 2 cents to $1.99 per gallon. Heating oil declined 1 cent to $1.98 per gallon. And matural gas fell 2 cents to $2.42 per 1,000 cubic feet.
WASHINGTON (AP) -- U.S. long-term mortgage rates were mostly unchanged this week amid signals from the Federal Reserve that it is preparing to cut interest rates soon. Mortgage buyer Freddie Mac says that the average rate on the benchmark 30-year mortgage stood at 3.75%, the same as the previous week. A year ago the rate stood at 4.53%. The average rate for 15-year, fixed-rate home loans ticked up this week to 3.22% from 3.18%. It was 4.02% last year.
SAN FRANCISCO (AP) _ Twitter says "an internal configuration change" is responsible for an outage that lasted for about an hour. Outages were widespread in Twitter's early years, so much so that a cartoon "fail whale" the company would put up during outages came to symbolize Twitter almost as much as its little blue bird icon. In recent years, outages have been less common.
COATESVILLE, Pa. (AP) -- Lockheed Martin has decided to keep its Sikorsky helicopter plant in Pennsylvania open following a request from President Donald Trump. The announcement came little more than a month after the company told the Coatesville facility's 465 employees the plant would close by the end of the year. The company planned to relocate production work and hoped to move many of the affected employees. Trump tweeted his thanks.