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Another market dive...Oil prices continue to slide... Mixed jobless rates in US

By The Associated Press | Posted - Aug. 21, 2015 at 3:41 p.m.



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NEW YORK (AP) — The Dow Jones industrial average is in a correction amid a global sell-off sparked by fears about China's slowing economy. The Dow plunged more than 530 points, or 3.1 percent, today to close at 16,459.. The Standard & Poor's 500 index dropped nearly 65 points, or 3.2 percent, to 1,970. The Nasdaq slid 171 points, or 3.5 percent, to 4,706.

NEW YORK (AP) — The price of U.S. oil briefly dipped below $40 a barrel today for the first time since March of 2009. Benchmark U.S. crude fell 69 cents to close at $40.45 in New York. Brent crude, a benchmark for international oils used by many U.S. refineries, fell $1.16 to close at $45.46 in London.

WASHINGTON (AP) — Unemployment rates are down in 24 U.S. states. The Labor Department says rates rose last month in 14 and were unchanged in 12. Employers added jobs in 34 states and cut them in 16. Nebraska has the nation's lowest unemployment rate, at 2.7 percent. West Virginia, which has been hit by a steep decline in coal prices, has the highest rate, at 7.5 percent.

SAN DIEGO (AP) — The founder of the adultery site Ashley Madison has built his livelihood around the unconventional philosophy that cheating is a natural part of married life but he himself is said to be a devoted husband. Noel and Amanda Biderman say they don't practice what they preach. They claim to be simply smart entrepreneurs seizing an untapped market.

PHILADELPHIA (AP) — Amtrak says it's adding trains and cars to help travelers get around during Pope Francis' U.S. visit next month. The rail carrier says it'll add 34 extra trains for Francis' Sept. 26-27 Philadelphia stop and lengthen regularly scheduled trains while Francis is in New York and Washington. Some of the extra trains will use equipment borrowed from regional commuter rail lines.

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The Associated Press

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