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Quiet day on Wall Street...Oil prices rise... Fiat Chrysler SUV recall

By The Associated Press | Posted - Dec. 24, 2015 at 3:30 p.m.



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NEW YORK (AP) — Christmas Eve is almost always the quietest trading day of the year, and this year was no exception. Stocks closed slightly lower in extremely light trading. The Dow fell 50 points, or 0.3 percent, to 17,552. The S&P 500 fell 3 points, or 0.2 percent, to 2,060. and the Nasdaq rose just over 2 points, less than 0.1 percent, to 5,048.

NEW YORK (AP) — Oil prices are continuing to recover from lows earlier in the week. U.S. crude futures gained 60 cents to close at $38.10 a barrel on the New York Mercantile Exchange. Brent crude, which is used to price international oils, rose 53 cents to close at $37.89 a barrel in London.

NEW YORK (AP) — Fiat Chrysler is recalling nearly 450,000 SUVs worldwide in two separate recalls. About 353,000 Jeep Grand Cherokee and Dodge Durango SUVs with model years 2011-2012 are being recalled because of faulty wiring in the vanity mirror. The second recall is for more than 93,000 2015 Jeep Compass and Patriot SUVs. The company says a clamp may be out of position.

NEW YORK (AP) — Bridgestone is raising its offer for Pep Boys to $947 million, topping a sweetened bid for the auto parts seller from activist investor Carl Icahn. Pep Boys' board of directors today recommended that shareholders accept the offer, and says it no longer deems the Icahn bid "superior."

LOS ANGELES (AP) — A huge new cargo ship is scheduled to arrive at the Port of Los Angeles this weekend. The CMA-CGM Benjamin Franklin will be the largest container ship ever to call at a North American port when it arrives Saturday. Recently delivered to the French shipping line CMA-CGM, the ship is 1,300 feet long, 177 feet wide and has the capacity of nearly 18,000 containers.

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The Associated Press

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