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Stocks gain...Survey finds steady hiring in August...Productivity rises, labor costs fall

By The Associated Press | Posted - Sep. 2, 2015 at 8:41 a.m.

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NEW YORK (AP) — Stocks are broadly higher in early trading on Wall Street as the market bounces back from yesterday's sell-off. The Dow Jones industrial average gained 200 points in the first few minutes of trading, a day after plunging almost 470 points. After an hour of trading, the Dow was ahead about 100 points.

WASHINGTON (AP) — A private survey finds U.S. businesses added jobs at a steady pace last month, with construction and manufacturing showing solid gains. Payroll processor ADP says businesses added 190,000 jobs last month. That's up from 177,000 in July, but below June's six-month high of 231,000. The government releases its August jobs report on Friday.

WASHINGTON (AP) — The Labor Department says U.S. productivity in the spring rose at the fastest pace since late 2013, while labor costs declined. Worker productivity increased at an annual rate of 3.3 percent in the April-June quarter. That's an upward revision from a month ago, when the government estimated a more moderate rebound of 1.3 percent. Labor costs fell at a 1.4 percent rate in the second quarter.

WASHINGTON (AP) — Orders to U.S. factories posted a modest gain in July, helped by the biggest rise in motor vehicle orders in a year. The Commerce Department says factory orders rose 0.4 percent, while orders for motor vehicles posted a 4 percent advance, the largest gain since July of last year. A key category that tracks business investment plans climbed 2.1 percent, the strongest gain in 13 months.

NEW YORK (AP) — A new report from a cybersecurity firm says several of the top Internet-connected baby monitors lack basic security features, making them vulnerable to hackers. Boston-based Rapid7 looked at nine baby monitors made by eight different companies. Researchers found security problems and design flaws in all of the cameras they tested. Some had hidden, unchangeable passwords that could be used to gain access. And some didn't encrypt their data streams, or some of their web or mobile features.

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The Associated Press


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