News / 

Stocks fall on Wall Street ... Chipotle-Food Issue ... Google-European Union

By The Associated Press | Posted - Jul. 24, 2017 at 3:19 p.m.



This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

NEW YORK (AP) — Stocks mostly fell today, and broad-market indexes inched modestly backward at the start of a busy week of corporate earnings reports and a meeting of the Federal Reserve. Technology stocks added to their big gains for the year and helped push the Nasdaq composite to another record. The Dow Jones industrial average fell 66.90 points. The Nasdaq composite rose 23.05 points, or 0.4 percent, to 6,410.81.The Standard & Poor's 500 lost 2.63 points.

NEW YORK (AP) — Health officials said that norovirus is believed to be what caused dozens of people to report becoming ill after eating at a Chipotle in suburban Washington, D.C., earlier this month. The Loudoun County Health Department in Virginia says a second person has tested positive for norovirus, and it was the same strain as the first person whose test was positive. The department says it identified more than 135 people who reported becoming ill after visiting the Chipotle in Sterling, Virginia, between July 13 and 16.

SAN FRANCISCO (AP) — Google parent Alphabet is taking a $2.7 billion write-down to cover a large fine EU antitrust enforcers assessed in June. While the search giant can shrug off the cost, uncertainty lingers over its ability to operate freely on the continent going forward.The European Commission ruling slapped down Google for abusing its market dominance in search by unfairly directing visitors to its comparison shopping service, Google Shopping, to the detriment of its rivals.

MOSCOW (AP) — Russia's energy minister says major oil producers need to show greater discipline in sticking to output cuts aimed at raising the price of crude. OPEC and several non-OPEC states like Russia decided last year to rein in output, but prices have fallen below $50 a barrel in recent weeks amid concerns about higher production in the U.S., which was not part of the deal, and some countries' lack of discipline in enforcing the cuts.

PAWTUCKET, R.I. (AP) — Toy maker Hasbro said its second-quarter profit jumped 30 percent, thanks to rising sales of Transformers action figures and Monopoly board games. But its revenue was slightly lower than what Wall Street analysts expected, and it reported weaker demand for Easy-Bake ovens and Playskool toys and softer sales in two international markets.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast