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Stock market wobbles...Oil prices go up... US and Mexican trade industry leaders meet

By The Associated Press | Posted - Feb. 23, 2017 at 3:48 p.m.



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NEW YORK (AP) — Investors are apparently tempering their expectations for faster economic growth. As a result stocks wobbled a bit today. The Dow added more than 34 points, to close at 20,810. Meanwhile, the S&P 500 rose just under a point to 2,363. The Nasdaq lost 25 points to end the day at 5,835. And the Russell 2000 index of smaller-company stocks slid 9 points to 1,394.

NEW YORK (AP) — Oil futures are up today. Benchmark U.S. crude rebounded, rising 86 cents, or 1.6 percent, to $54.45 a barrel in New York. At the same time, Brent crude, the standard for pricing international oils, rose 61 cents to $56.58 a barrel in London.

EL PASO, Texas (AP) — Mexican and U.S. trade industry leaders are gathered in El Paso, Texas, to discuss business in the era of President Donald Trump, who says he wants to renegotiate or dismantle the North American Free Trade Act. Many at Mexico Now's Manufacturing Supply Chain Summit agreed today that the 23-year-old NAFTA trade agreement between the U.S., Mexico and Canada will be renegotiated.

WASHINGTON (AP) — Some of the two dozen manufacturing CEOs that President Donald Trump brought to the White House today say there are still plenty of openings for U.S. factory jobs but too few qualified people to fill them. They urging the White House to support vocational training for the high-tech skills that today's manufacturers increasingly require. Trump is working to restore U.S. factory jobs lost to foreign competition.

WASHINGTON (AP) — Attorney General Jeff Sessions is signaling his support for the federal government's use of private prisons, rescinding an August 2016 memo from then Deputy Attorney General Sally Yates meant to phase out their use. Sessions issued a new memo today. He says Yates' directive contradicted longstanding Justice Department policy and "impaired the Bureau's ability to meet the future needs of the federal correctional system."

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The Associated Press

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