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NEW YORK (AP) — Stocks are seeing solid gains after the Federal Reserve nudged interest rates higher and signaled that any further increases this year will be gradual. Seven stocks rose for every one that fell on the New York Stock Exchange. The S&P 500 rose nearly 20 points to 2,385. The Dow gained more than 112 points, to close at 20,950 and the Nasdaq climbed 43 points to end the day at 5,900. The Russell 2000 index of small-company stocks jumped 20 points
NEW YORK (AP) — The price of oil is higher today for the first time in more than a week. A barrel of benchmark U.S. crude rose $1.14 to settle at $48.86. The 2.4 percent jump was the largest since January. Brent crude, which is used to price international oils, added 89 cents to $51.81 a barrel in London.
NEW YORK (AP) — Federal Reserve Chair Janet Yellen says Fed officials haven't had a detailed discussion yet about the possible economic impacts of President Donald Trump's economic program. She said the Fed's policy committee has not tried to "map out" what the central bank's response would be if Trump is successful in getting his ambitious program of tax cuts, increased infrastructure spending and deregulation through Congress. But Yellen says Fed officials believe they will have "plenty of time" to respond to whatever program makes it through Congress.
YPSILANTI, Mich. (AP) — President Donald Trump says the administration will re-examine federal requirements governing the fuel efficiency of cars and trucks. He's moving forcefully against Obama-era environmental regulations that Trump says are stifling economic growth. Trump told a round-table meeting with auto company executives and workers in Michigan that "This is going to be a new era for American jobs and job creation."
NEW YORK (AP) — The publisher of Rolling Stone magazine is selling celebrity magazine Us Weekly to the owner of the National Enquirer tabloid. American Media, which also owns Star, OK! and Men's Fitness, did not say how much it is paying for Us Weekly. Wenner Media bought Us Weekly in 1985. It has been rumored that the magazine was up for sale.
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