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Nearing record...July auto sales sluggish...Apple: Augmented Reality



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NEW YORK (AP) — The Dow has closed at another high and nearer to the 22,000-point milestone. Banks and technology companies rose more than the rest of the market. Goldman Sachs and Apple had some of the biggest gains. The Dow climbed 72 points to 21,963. The S&P rose 6 points. The Nasdaq increased 14 points.

DETROIT (AP) — July saw the biggest year-over-year decline in U.S. vehicle sales so far this year. Automakers are hoping that's a sign that consumers are just waiting to pounce on Labor Day deals. U.S. sales of new cars and trucks fell 7 percent to 1.4 million in July, according to Autodata Corp. It was the seventh straight month of lower sales, and the biggest percentage drop so far this year. Analysts say July sales are often slow as consumers focus on vacations and potential fall savings.

WASHINGTON (AP) — Some Republicans are showing signs of reaching out to Democrats on a modest effort to shore up health insurance markets. The outreach follows the collapse of GOP repeal and replace efforts in the Senate. Tennessee Republican Sen. Lamar Alexander has proposed bipartisan legislation extending for one year federal payments to insurers that help millions of low- and moderate-income Americans afford coverage. President Donald Trump has threatened to halt those subsidies. The Senate's top Democrat called the threat "childish."

WASHINGTON (AP) — Attorneys general from 15 states have filed a legal challenge over the Trump administration's delay of Obama-era rules reducing emissions of smog-causing air pollutants. The states asked a federal appeals court in Washington D.C. to overturn Environmental Protection Agency Administrator Scott Pruitt's extension of deadlines to comply with the 2015 Ozone National Ambient Air Quality Standards. Several pro-business groups are opposed to the stricter rules, including the American Petroleum Institute, the American Chemistry Council and the U.S. Chamber of Commerce.

SAN FRANCISCO (AP) — Apple is trying to use the iPhone as a springboard into augmented reality. "AR" is a fast-developing technology that projects life-like images into real-world settings viewed on a screen. An AR toolkit will be released in September as part of iOS 11, the next version of the operating system that powers hundreds of millions of iPhones and iPads throughout the world.

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The Associated Press

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