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Mixed markets ... Trade law ... Apple earnings



Estimated read time: 2-3 minutes

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SEOUL, South Korea (AP) — Global stock markets meandered in mixed trading today following a record high finish for the Dow industrial average. Wall Street looked set for gains with Dow futures up 0.2 percent at 21,946.00 and S&P 500 futures 0.1 percent higher at 2,474.30. Benchmark U.S. crude fell 32 cents to $48.84 per barrel in electronic trading on New York Mercantile Exchange. The dollar rose to 110.86 yen from 110.36 yen.

UNDATED (AP) — The Trump administration may use rarely invoked U.S. trade laws to fend off China's demands that foreign companies share their technology in return for access to the Chinese markets, according to a person familiar with the matter. The law allows Washington to investigate China's trade practices and raise tariffs on imports from China or impose other sanctions.

SAN FRANCISCO (AP) — Apple reports that its quarterly earnings rose 12 percent to $8.7 billion, exceeding expectations, as demand for iPhones rose and gave an upbeat revenue forecast for the current quarter, easing concerns about production problems for the next-generation iPhone. Shares of Apple's suppliers in Asia rose.

FALL RIVER, Mass. (AP) — Amazon is holding a giant job fair and plans to make thousands of job offers on the spot at nearly a dozen U.S. warehouses. Today's hiring spree is a sign of Amazon's growth at a time traditional retailers are closing stores and cutting jobs. The event is taking place at Amazon shipping sites around the country.

UNDATED (AP) — Older people are dying on the job at a higher rate than workers overall, even as the rate of workplace fatalities decreases, according to an Associated Press analysis of federal statistics. It's a trend that's particularly alarming as baby boomers reject the traditional retirement age of 65 and keep working. The U.S. government estimates that by 2024, older workers will account for 25 percent of the labor market.

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 This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

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