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NEW YORK (AP) — The stock market is giving back some of the big gains made yesterday. The Dow was down 150 points in the first hour of trading, after posting a 228-point gain Monday. The S&P 500 had lost 10 points and the Nasdaq composite was down 11.
NEW YORK (AP) — After hitting a six-year low yesterday, the price of oil is down again today. Benchmark U.S. crude was down another 77 cents, trading a little above $43 a barrel on the New York Mercantile Exchange. Analysts say rising supplies in the U.S. appear to be far outpacing demand.
WASHINGTON (AP) — The latest numbers on housing are down. The Commerce Department says builders started construction at a seasonally adjusted annual rate of 897,000 homes in February, a steep 17 percent plunge from January. The biggest drops were in the Northeast and Midwest, where fierce winter weather froze activity.
NORTH CHARLESTON, S.C. (AP) — Boeing has delivered the first 787-9 Dreamliner aircraft assembled at its South Carolina plant to United Airlines. The company says assembly of the stretch version of the Dreamliner was completed in January and test flights were conducted last month. The aircraft is 20 feet longer and carries more passengers than the standard 787 Dreamliner.
WASHINGTON (AP) — The chairman of the Federal Communications Commission is telling a House committee he wasn't influenced by politics when deciding to impose tough new restrictions on Internet service. Congressional Republicans say President Barack Obama unfairly inserted himself into the process. But FCC Chairman Tom Wheeler is telling the committee that markets didn't react much last fall when Obama called for Internet service to be regulated more heavily, and that convinced him it wouldn't hurt the cable and wireless industry.
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