Mixed day on Wall Street...Oil prices creep up ... Good jobs report

By The Associated Press | Posted - Mar. 7, 2014 at 4:01 p.m.



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NEW YORK (AP) — Stocks are finishing mixed after an indecisive day of trading. Traders are worried about escalating tensions in Ukraine. The S&P 500 managed a small gain, enough to set its latest record high. The index closed 1 point higher at 1,878. The Dow Jones industrial average rose nearly 31 points to 16,452. The Nasdaq composite fell 16 points to 4,336.

UNDATED (AP) — The price of oil has crept up to near $102 a barrel after a solid increase in employment and a decline in the dollar. Benchmark U.S. crude for April delivery rose $1.02 to close at $102.58 a barrel in New York. At the gas pump, the average price for a gallon rose 1 cent to $3.48. That's 21 cents higher than a month ago, but still 24 cents cheaper than at this time last year.

WASHINGTON (AP) — Brutal winter weather snarled traffic, canceled flights and cut power to homes and factories in February. Yet it didn't faze U.S. employers, who added 175,000 jobs, far more than the two previous months. Though the jobless rate rose to 6.7 percent from a five-year low of 6.6 percent, it did so for an encouraging reason: More people began seeking work.

NEW YORK (AP) — Boeing's much-delayed 787 Dreamliner has hit another production snafu. Hairline cracks have been discovered in the wings of some 787s that are being built. Boeing says none of the 122 jets already flown by airlines around the world are affected. Boeing says that roughly 40 airplanes might be affected and that it will take one to two weeks to fix the cracks.

NEW HAVEN, Conn. (AP) — A former investment banker has been convicted in Connecticut of defrauding investment funds established as part of the government's response to the financial crisis. The U.S. attorney's office says a jury convicted Jesse Litvak today. He was a registered broker-dealer and managing director at Jefferies & Co., worked on the company's trading floor in Stamford.

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The Associated Press

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