Estimated read time: 2-3 minutes
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
NEW YORK (AP) — The stock market is down after enthusiasm over a long-awaited increase in U.S. interest rates faded. Stocks plunged across all sectors Friday in the heaviest trading of the year. Other negative factors combined to bring the indexes lower for the week. The Dow lost 367 points, or 2.1 percent. The S&P 500 fell 36 points, or 1.8 percent. The Nasdaq sank 79 points, or 1.6 percent.
NEW YORK (AP) — Oil traders are asking, how low can it go? The price of oil slid again yesterday. In New York, benchmark U.S. crude fell 22 cents to $34.73 a barrel. Oil is trading at its lowest level in almost seven years. Brent crude, a benchmark for international oils, slipped 18 cents Friday to $36.88 a barrel in London.
NEW YORK (AP) — "Star Wars" fever is spreading through movie theaters around the globe, as the franchise again is toppling box-office records with waves of lightsaber-wielding fans. The Walt Disney Co. projects that "Star Wars: The Force Awakens" will surpass $215 million this weekend, beating the record domestic opening of "Jurassic World," which debuted with $208.8 million in June.
NEW YORK (AP) — A federal appeals court is partially upholding a decision to freeze assets of some relatives of two Texas businessmen who have been ordered to pay about $300 million in penalties for securities fraud. The judges have upheld the freeze against nine relatives who, they say, received ill-gotten gains from trusts set up by Sam and Charles Wyly.
NEW YORK (AP) — The Los Angeles Dodgers are being hit with a record luxury tax of nearly $43.6 million for a payroll that fell just shy of $300 million. For the first time, four teams exceeded the spending threshold and owe tax. The New York Yankees and Boston Red Sox will pay along with the San Francisco Giants, a first-time offender.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
