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Stocks up...Oil prices down... Musk unveils plan for solar panel-connected home and business batteries

By The Associated Press | Posted - May 1, 2015 at 3:41 p.m.



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NEW YORK (AP) — Stocks are higher on the first day of May, erasing much of a loss from the day before. The Dow Jones industrial average rose 183 ½ points, or 1 percent, to 18,024 today. The S&P 500 index rose nearly 23 points, or 1.1 percent, to 2,108. The Nasdaq composite rose 64 points, or 1.3 percent, to 5,005. Most Asian and European markets were closed for a holiday.

NEW YORK (AP) — Oil futures are down nearly 1 percent on the first trading day in May, following a gain of more than 20 percent the month before. Benchmark U.S. crude slid 48 cents, or 0.8 percent, to $59.15 a barrel in New York today. Brent crude, the benchmark for international oils, slipped 32 cents, or 0.5 percent, to $66.46 a barrel in London

FOSTER CITY, Calif. (AP) — Billionaire entrepreneur Elon Musk is determined to jolt the electricity market. The CEO of electric car maker Tesla Motors is hoping to park hundreds of millions of large, solar panel-connected batteries in homes and businesses so they can disconnect from power plants. On Thursday night, he discussed the plan with guests at Tesla's California design studio.

WASHINGTON (AP) — International aviation officials are trying to quickly come up with safer packaging for air cargo shipments of lithium-ion batteries, after U.S. testing confirmed that aircraft fire suppression systems can't prevent overheated batteries from causing a powerful explosion. The International Civil Aviation Organization's committee on hazardous cargo met this week.

LOS ANGELES (AP) — Drivers who picketed several trucking firms at the nation's busiest seaport complex are back at work after a weeklong strike they say will not be their last. Organizers say a few hundred truckers had staged a strike against four companies that haul goods from the ports of Los Angeles and Long Beach. The strike's overall impact was not huge.

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The Associated Press

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