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NEW YORK (AP) — U.S. stocks are rising this morning, led by gains in bank stocks, sending the Dow Jones industrial average to another record high. Other major indexes are also up but still below their own all-time highs. At 10:25 a.m. Eastern Time, the Dow was up 81 points at 19,251. At one point it reached 19,263. The S&P 500 was up 14 points, at 2,206. And the Nasdaq was up 50 points at 5,305.
WASHINGTON (AP) — U.S. services companies expanded last month at their fastest pace in more than a year. The Institute for Supply Management, a trade organization of purchasing managers, says its services index reached 57.2 in November, up from 54.8 in October and the highest level since it hit 58.3 in October 2015. Anything above 50 signals growth. The services industry has now grown for 82 straight months.
CANNON BALL, N.D. (AP) — A Native American leader is among those celebrating the decision by the Army Corps of Engineers to deny a permit for the Dakota Access oil pipeline. Brian Cladoosby calls it a victory for "all of Indian Country." He's the president of the National Congress of American Indians. The Corps denied an easement for a crossing under a Missouri River reservoir. The pipeline developer calls the decision politically motivated.
MILAN (AP) — Germany's central bank chief says Italian politicians need to show that they're committed to tackling their country's economic problems. Voters yesterday rejected Italian Premier Matteo Renzi's proposed constitutional reforms, sending the country into political and economic uncertainty. Bundesbank's Jens Weidmann says in a prepared speech in Munich that Italy has had weak growth for years, has high government debt and banks saddled with large quantities of bad loans. He says it's all the more important now for Italian politicians to send convincing signals that "they are tackling the economic problems at the roots."
OXON HILL, Md. (AP) — MGM Resorts International opens its $1.4 billion National Harbor casino and resort just outside the nation's capital Thursday night. It's advertising a gambling floor "bigger than the White House" and an art collection that includes a large welded collage by Bob Dylan. It's the singer and Nobel laureate's first work of art for a public space on permanent display. The casino resort has a 308-room hotel and spa, plus restaurants with well-known chefs. High-end retail also is planned.
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