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Stocks mixed... US oil drops, Brent climbs... Fitch rates US credit, Moody's assesses UK

By The Associated Press | Posted - Sep. 19, 2014 at 3:41 p.m.



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NEW YORK (AP) — Stock indexes are ending mixed. The Dow Jones industrial average edged up nearly 14 points to close at 17,279 the third straight day the blue-chip index closed at an all-time high. The Dow is up 1.7 percent for the week. The S&P 500 fell less than one point, to 2,010, but finished the week up 1.3 percent. The Nasdaq ended down 13 ½ points to 4,579.

NEW YORK (AP) — It's a tale of two cities today in the oil market. Benchmark U.S. crude fell 66 cents to $92.41 a barrel in New York as the dollar gained strength. Meanwhile, Brent crude, a benchmark for international oils imported by many U.S. refineries, rose 69 cents, to $98.39 a barrel in London.

NEW YORK (AP) — Fitch Ratings says the U.S. still deserves its highest credit rating. It has affirmed its "AAA" rating on U.S. debt and says its outlook on the rating is stable. Fitch says the U.S. can tolerate more debt than other countries because the dollar is the world's pre-eminent reserve currency and fixed-income asset. It also notes the U.S. has the world's deepest and most liquid capital markets.

NEW YORK (AP) — Moody's Investors Services is maintaining its rating on United Kingdom government-backed bonds, a day after voters in Scotland decided against national independence. Moody's is affirming an 'Aa1' rating, its second-highest rating, and a stable outlook on U.K. government bonds. It says the U.K. has "very high" economic strength.

FORT WORTH, Texas (AP) — A flight attendants' union says it has a tentative contract covering crews at American Airlines and US Airways. The union says negotiators reached an agreement with American Airlines Group with industry-leading terms. American is calling it another step toward combining the two airlines into one. Union members must still ratify the deal.

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The Associated Press

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