NEW YORK (AP) — It’s the end of a frenetic week for stock markets around the world as investors recalibrated — again and again — how worried to be about a possible trade war and a more aggressive Federal Reserve. During another dizzying day, the S&P 500 bounced between gains and losses ending at 2,691, up 13 points, or 0.5 percent. The Dow industrials fell nearly 71 points, or 0.3 percent, to 24,538 and the Nasdaq rose 77, or 1.1 percent, to 7,257.
NEW YORK (AP) —Oil futures are up today. Benchmark U.S. crude rose 26 cents to settle at $61.25 per barrel in New York. Across the pond, Brent crude, the international standard, climbed 54 cents to $64.37 a barrel in London. In other commodities markets, Natural gas was virtually flat at $2.70 per 1,000 cubic feet, heating oil slipped a cent to $1.88 per gallon and wholesale gasoline gained a penny to $1.90 per gallon.
UNDATED (AP) — President Donald Trump’s plan to slap taxes on steel and aluminum imports is being branded as “absolutely unacceptable” by Prime Minister Justin Trudeau of Canada, the United States’ biggest foreign source of both metals. The rebuke delivered today by Trudeau suggests that some countries are prepared to retaliate if necessary.
WASHINGTON (AP) — President Donald Trump has picked a chemical industry insider to run the Environmental Protection Agency office that oversees emergency response to hazardous spills and cleanups of the nation’s most toxic sites. The White House announced today that Trump has nominated Peter C. Wright to serve as EPA’s assistant administrator for Land and Emergency Management.
TRENTON, N.J. (AP) — Environmental groups are taking their opposition to New Jersey’s $225 million settlement with Exxon Mobil to the state Supreme Court. The filing comes after an appellate court ruled against them last month saying the trial judge’s decision was correct. The groups say that then-Gov. Chris Christie settled in 2015 for “pennies on the dollar” over years of pollution at two refinery sites. Earlier state estimates put damages at $8.9 billion.