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Stocks gain...Oil prices decline... Shippers deliver the holiday goods

By The Associated Press | Posted - Dec. 26, 2014 at 3:41 p.m.



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UNDATED (AP) — Stocks are posting modest gains after a quiet, post-holiday day of trading. The Dow Jones industrial average gained 23 ½ points, or 0.1 percent, to close at 18,053 today. The Standard & Poor's 500 index rose nearly seven points, or 0.3 percent, to 2,088. The Nasdaq composite climbed 33 points, or 0.7 percent, to 4,806.

UNDATED (AP) — The price of oil is continuing its downward spiral. Benchmark U.S. crude oil fell $1.11 today to close at $54.73 a barrel in New York. Oil prices have fallen by about a half since the summer. In other energy trading, Brent crude, a benchmark for international oils used by many U.S. refineries, fell 79 cents to close at $59.45 a barrel in London.

NEW YORK (AP) — FedEx and UPS were able to improve their performance this holiday season, after failing to deliver some presents in time for Christmas last year. According to a shipment tracker, ShipMatrix, FedEx delivered more than 99 percent of express packages as promised on December 22nd and 23rd. UPS also hit the 99 percent mark. Last year, the success rate was in the low 90s.

SAN FRANCISCO (AP) — Sony's PlayStation network remains offline in an outage that began as video game players unwrapped new consoles on Christmas. Microsoft's Xbox Live service, which had also gone down, is back online but the company says some applications aren't fully functioning. A Twitter account that calls itself Lizard Squad has taken credit for the disruption.

NEW YORK (AP) — Tesla Motors says improvements it's making to its older Roadster model will let the electric car travel about 400 miles on a single charge. The company says a new battery and other improvements like new tires will boost the car's range 40 to 50 percent compared to the original. But Tesla says not to expect any major upgrades in the battery or range of its Model S, introduced in 2012, "in the near term."

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The Associated Press

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