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 Information in the story may be outdated or superseded by additional information.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) — Stocks are opening slightly higher on Wall Street today, led by health care stocks. Speculation of more economic stimulus to come in China is helping to keep the market aloft. At 10:17 a.m. Eastern Time, the Dow was up 48 points, to 18,577. The S&P 500 was up 5 points, at 2,185. And the Nasdaq was up 20 points, at 5,233.
WASHINGTON (AP) — The productivity of American workers slipped in the April-June quarter, feeding into a 12 month decline in how much people are producing for each hour worked. The Labor Department says productivity fell at an annual rate of 0.5 percent in the second quarter after a 0.6 percent drop during the first three months of the year.
WASHINGTON (AP) — U.S. wholesale businesses increased their stockpiles slightly in June while sales rose at a faster pace. The Commerce Department says inventories at the wholesale level increased 0.3 percent in June, close to the 0.2 percent gain in May. Sales increased for a fourth consecutive month, climbing 1.9 percent in June after advancing 0.7 percent in May. Still, sales levels have dropped 0.4 from a year ago due to declines in prior months.
DALLAS (AP) — Delta Airlines has canceled about 300 flights today, one day after a computer outage in Atlanta resulted in 1,000 flight cancellations and about 2,800 flight delays worldwide on Monday. Delta was back online after a number of hours, but the outages were so widespread that it's still dealing with the ripple effects today.
NEWARK, N.J. (AP) — A federal appeals court has rejected New Jersey's attempt to legalize sports betting. The 3rd U.S. Circuit Court of Appeals' ruling invalidates a law passed by New Jersey in 2014 that would have allowed sports betting at casinos and racetracks. The four major professional sports leagues and the NCAA sued the state, claiming the expansion of legal sports betting would damage the integrity of their games and lead to game-fixing.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.