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Stocks hold steady...Oil prices drop... Listeria outbreak

By The Associated Press | Posted - Mar. 9, 2017 at 3:39 p.m.



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NEW YORK (AP) — The eighth birthday of the current bull market is ending on Wall Street. Stock indexes closed out the day barely changed, eight years to the day since the market bottomed out in the depths of the financial crisis. The Standard & Poor's 500 index edged up nearly 2 points to 2,364. The Dow Jones industrial average was little changed, gaining 2 points, to close at 20,858. The Nasdaq composite edged up a point to 5,838.

NEW YORK (AP) — Oil futures are down again. Benchmark U.S. crude fell $1, or 2 percent, to $49.28 a barrel in New York today. Meanwhile, Brent crude, the international standard, lost 92 cents, or 1.7 percent, to $52.19 a barrel in London.

HARTFORD, Conn. (AP) — Authorities are investigating a multistate listeria outbreak linked to a recalled cheese that has sickened several people and killed two, in Connecticut and Vermont. Federal officials say the Listeria monocytogenes bacterium linked to the outbreak likely originated from a soft raw milk cheese named Ouleout (OH'-lee-owt) made by Vulto Creamery in Walton, New York. The creamery recalled several soft cheeses Tuesday.

DETROIT (AP) — A judge is refusing to dismiss much of a lawsuit against Quicken Loans, which is accused of fraudulently sticking the government with bad mortgages. A Detroit federal Judge says the case should be narrowed to claims made from spring 2009 through 2011. Quicken is accused of cutting corners when verifying the income of certain borrowers. Quicken also is accused of seeking improper appraisals on homes so it could make a larger mortgage.

NEW YORK (AP) — Chipotle plans to close all 15 of its ShopHouse Southeast Asian Kitchen restaurants next week, ending its attempt to expand into Asian fusion. The company had said last year that it was exploring options for the spinoff chain. The decision announced today comes as Denver-based Chipotle Mexican Grill works to recover from a series of food scares that have sent sales plunging, with sales down 20 percent at established locations for 2016.

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The Associated Press

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