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NEW YORK (AP) — The stock market continues its gradual rebound from a plunge that lasted almost the entire month of October, Strong earnings from U.S. companies have helped the market recover over the last three days. The S&P 500 added 28 points, or 1.1 percent, to close at 2,740. The Dow picked up 265 points, or 1.1 percent, to 25,380. The Nasdaq climbed 128 points, or 1.8 percent, to 7,434. And the Russell 2000 jumped 33 points, or 2.2 percent, to 1,544.
NEW YORK (AP) — Oil prices continued to weaken today after the Department of Energy said U.S. crude stockpiles increased for the sixth straight week. Benchmark U.S. crude slumped 2.5 percent to $63.69 a barrel in New York. Meanwhile, Brent crude, used to price international oils, shed 2.9 percent to $72.89 a barrel in London.
DETROIT (AP) — Toyota is recalling just over 1 million vehicles worldwide because the air bags could inflate without a crash or fail to work if there is one. The recall covers 17,000 Scion xA vehicles in the U.S. from 2004 through 2006. Also affected in Japan, Europe and elsewhere are the Isis, Avensis, Avensis Wagon, Allex, ist, Wish, Corolla, Corolla Spacio, Corollo Verso, Corolla Fielder, Corolla Runx, and Sienta. All were built from July 2002 to June 2015.
UNDATED (AP) — Blackrock Chairman and CEO Laurence Fink says he believes his company will continue to do business in Saudi Arabia for many years, despite the asset manager's decision to withdraw from an investment conference amid international outrage over the slaying of journalist Jamal Khashoggi last month in the Saudi consulate in Istanbul. Several other Wall Street executives also dropped out of the conference last month over Khashoggi's death.
NEW YORK (AP) — Netflix will give three films an exclusive run in theaters before making them available on its streaming service. Up until now, Netflix has steadfastly insisted on releasing films in theaters only simultaneously with their streaming premiere. Netflix's major pivot will give a handful of its most anticipated movies a stand-alone run in a relatively small number of theaters. Major chains still refuse to screen films that don't adhere to an exclusive 90-day window.
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