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NEW YORK (AP) — Stocks are higher for the sixth day in a row as a relatively weak jobs report helps banks, car companies, retailers and others. The Labor Department said Friday that employers added 156,000 jobs in August. Investors felt that will help make sure the Federal Reserve won't raise interest rates too quickly. The S&P 500 picked up nearly 5 points to 2,475. The Dow rose 39 points to 21,987. And the Nasdaq added over 6 points, to 6,435.
New York (AP) — Oil futures are mixed today. Benchmark U.S. crude added 6 cents to $47.29 a barrel in New York. At the same time, Brent crude, which is used to price international oils, fell 11 cents to $52.75 a barrel in London. Meanwhile, wholesale gasoline prices, which have surged this week, declined 3 cents to $1.75 a gallon.
DETROIT (AP) — Hurricane Harvey has taken a toll on U.S. auto sales in August, but the storm could boost sales this fall as people replace flooded vehicles. U.S. sales of new cars and trucks fell 2 percent in August, according to Autodata Corp. Forecasting firm LMC Automotive says Harvey hurt demand in the Houston area — the ninth-largest vehicle market in the nation — cutting U.S. sales of new cars and trucks by an estimated 20,000 vehicles.
DALLAS (AP) — The spike in gasoline prices in the aftermath of Hurricane Harvey has hit the accelerator.The national average for regular is $2.54 a gallon, an increase of 18 cents in the last week, according to GasBuddy. Travel club AAA reports that prices jumped at least 10 cents a gallon in 24 hours in Texas, Ohio, Georgia and the Mid-Atlantic states, Two leading price-forecasting analysts see the national average peaking as high as $2.75 a gallon in the next few days.
DETROIT (AP) — Honda and some of the people suing the company over faulty Takata air bag inflators have agreed to a $605 million settlement. The settlement covers owners of 16.5 million Honda cars with the inflators. The settlement doesn't cover injury or death claims. It still must be approved by a federal judge.
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