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Record close for stock indexes ...Oil futures are higher... Amazon launches new social network



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NEW YORK (AP) — Stocks continue to climb. Today, technology, health care and energy companies led the way. Media companies also rose as all four stock indexes set record highs. The Standard & Poor's 500 index rose 13 points to 2,473. The Dow Jones industrial average added 66 points to close at 21,640. The Nasdaq composite gained over 40 points to 6,385. And the Russell 2000 index of smaller-company stocks jumped 14 points to 1,441.

NEW YORK (AP) — Oil prices are higher today after the U.S. government said fuel stockpiles shrank last week. Benchmark U.S. crude rose 72 cents, or 1.6 percent, to $47.12 a barrel in New York. Brent crude, the standard for international oil prices, gained 86 cents, or 1.7 percent, to $49.70 per barrel in London. Oil prices have mostly stayed between $40 and $55 a barrel since mid-February of 2016 after they plunged from more than $100 a barrel in mid-2014.

NEW YORK (AP) — Amazon is launching a new social network aimed at getting its hardcore users to spend even more money with the e-commerce giant. The new service, called Spark, essentially takes Amazon Prime, mixes it with Pinterest and adds a dash of Instagram. The service launched publicly on Tuesday on Amazon's iPhone app, and is only open to Prime members, who pay $99 a year for Amazon's loyalty program. An Android version is planned.

CAPE CANAVERAL, Fla. (AP) — SpaceX's chief says the first launch of its big new rocket is risky and stands "a real good chance" of failure. Founder Elon Musk says he wants to set realistic expectations for the flight later this year from Cape Canaveral, Florida. The Falcon Heavy will have three boosters instead of one, and 27 engines instead of nine, all of which must ignite simultaneously. No one will be aboard the initial flights.

WASHINGTON (AP) — A cradle-to-grave study of global plastics finds industry has made more than 9 billion tons of plastic since 1950. The research shows there's enough left over to bury Manhattan under more than two miles of trash. More than three-quarters of plastic ends up as waste in landfills, littered on land and floating in water. Study lead author Roland Geyer at UC, Santa Barbara, says the world is fast becoming a plastic planet.

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