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NEW YORK (AP) — Major U.S. stock indexes managed to post tiny gains in a quiet day of pre-holiday trading.The Dow Jones industrial average rose 15 points, or 0.1 percent, to 19,933. The Standard & Poor's 500 index gained almost 3 points, or 0.1 percent, to 2,263. And the Nasdaq composite climbed 15 points, or 0.3 percent, to 5,462. Markets will be closed Monday in observance of Christmas.
NEW YORK (AP) — Oils prices are slightly higher today. Benchmark U.S. crude added 7 cents to close at $53.02 a barrel in New York. Meanwhile, Brent crude, the international standard, rose 11 cents to close at $55.16 a barrel in London.
WASHINGTON (AP) — The Commerce Department says a buying spree in the Midwest spurred new U.S. home sales last month to the fastest pace since July. New-home sales in November rose 5.2 percent to a seasonally adjusted annual rate 592,000. Sales were up 16.5 percent from November 2015. Sales in the Midwest shot up 43.8 percent. Sales were up 7.7 percent in the West, flat in the Northeast and down 3.1 percent in the South.
BEIJING (AP) — General Motors main joint venture in China is being fined $29 million for violating anti-monopoly rules, adding to a string of penalties imposed on foreign auto brands over the past two years. The Shanghai Price Bureau says Shanghai GM, the automaker's venture with state-owned Shanghai Automotive Industries improperly suppressed competition by enforcing minimum prices dealers were allowed to charge for Cadillac, Chevrolet and Buick models.
NEW YORK (AP) — The rise in Major League Baseball's average salary is slowing this year. That's because more players got hurt and wound up on the disabled list, leaving the increase at just under $14,000. According to the annual report from the Major League Baseball Players Association, this season's final average was $3,966,020,, up just 0.35 percent from last year's $3,952,252. That is the lowest rate of increase since a 2.5 percent drop in 2004.
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