Rally loses steam…US says Russia mounted hacking operation…Mortgage rates dip

NEW YORK (AP) — Wall Street’s attempt to bounce back from two days of losses is losing steam. The Dow Jones industrial average has backed off its earlier highs, while the S&P 500 and the Nasdaq composite have turned lower. Toymakers Hasbro and Mattel are falling as Toys R Us moves toward shuttering its U.S. stores. Household goods makers and smaller companies are also lower, while technology, industrial and health care companies are rising.

WASHINGTON (AP) — The Trump administration is accusing Russia of carrying out a hacking operation targeting the U.S. energy grid, aviation systems and other critical infrastructure. National security officials say the FBI, Department of Homeland Security and intelligence agencies have determined that Russian intelligence and others were behind a broad range of cyberattacks that began a year ago. The attacks infiltrated the energy, nuclear, commercial, water, aviation and manufacturing sectors.

WASHINGTON (AP) — The Treasury Department has announced sanctions on 19 Russians and five Russian companies for alleged high-tech interference in the 2016 presidential election. Targets of the sanctions include officials working for the Russian military intelligence agency, GRU. The action freezes any assets the individuals and entities may have in the United States and bars Americans from doing business with them.

NEW YORK (AP) — IHeartMedia, one of the world’s largest radio companies, is seeking bankruptcy protection as part of an agreement with its lenders to reduce debt it took on to become a privately held company. The company formerly known as Clear Channel Communications says it will operate its businesses as usual while it restructures its finances under Chapter 11 protection to reduce debt by more than $10 billion. IHeartMedia operates 858 broadcast radio stations in more than 150 markets around the U.S.

WASHINGTON (AP) — Long-term mortgage rates have fallen this week for the first time this year. The decline comes after nine straight weeks of increases that pushed borrowing costs higher. Mortgage buyer Freddie Mac says the average rate on 30-year fixed-rate mortgages slipped to 4.44 percent from 4.46 percent last week. The average rate on 15-year, fixed-rate loans declined to 3.90 percent from 3.94 percent last week.

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