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Stocks slightly down ... Crude rises ... Walmart checkout app

By The Associated Press | Posted - Aug. 9, 2017 at 3:38 p.m.



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NEW YORK (AP) — U.S. stocks closed slightly lower today, making up much of the ground they lost earlier following a rare batch of earnings disappointments by Walt Disney and other big companies. Investors' unease over escalating tensions between the U.S. and North Korea had weighed on stocks earlier in the day. But by the end of the day, traders appeared to take the geopolitical drama in stride.

NEW YORK (AP) — The Standard & Poor's 500 index slipped 0.90 points, or 0.04 percent, to 2,474.02. The Dow Jones industrial average slid 36.64 points, or 0.2 percent, to 22,048.70. Earlier, the average had been down more than 88 points. The Nasdaq composite lost 18.13 points, or 0.3 percent, to 6,352.33.

NEW YORK (AP) — Benchmark U.S. crude added 39 cents to settle at $49.56 a barrel on the New York Mercantile Exchange. Brent crude, used to price international oils, gained 56 cents to $52.70 in London.

SIOUX FALLS, S.D. (AP) — Disney has reported spending $177 million on a legal settlement during the quarter that its subsidiary ABC and a South Dakota meat producer announced a settlement in a high-profile defamation lawsuit. ABC and Beef Products Inc. announced their settlement in June, but its terms are confidential. BPI sued ABC in 2012 over its reports on a beef product that critics dubbed "pink slime."

NEW YORK (AP) — Walmart is bringing back an app that lets shoppers skip the checkout line and pay for items themselves on their smartphone. It first tested a version of the app, called Scan & Go, in 2013. But it discontinued it after customers said it was confusing to use. The retailer says it's redesigned the app to make it easier to use.

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The Associated Press

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