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NEW YORK (AP) — Stocks closed lower on Wall Street yesterday as Apple fell to its worst loss in more than four years. But, even with Friday's losses, the market still wound up higher for the week thanks to gains over the prior three days. The S&P 500 index slid 17 points to 2,723. The Dow fell 110 points to 25,270. The Nasdaq lost 77 points, or 1 percent, to close at 7,356. But the Russell rose 3 points to 1,547 on Friday.
NEW YORK (AP) — Oil prices continue to slip. Benchmark U.S. crude fell 0.9 percent to $63.14 a barrel in New York on Friday and Brent crude shed 0.1 percent to $72.83 a barrel in London. Meanwhile, wholesale gasoline lost 0.5 percent to $1.71 a gallon and heating oil fell 1.3 percent to $2.17 a gallon. But natural gas futures rose 1.5 percent to $3.28 per 1,000 cubic feet.
WASHINGTON (AP) — The Washington Post is reporting that Amazon is in "advanced talks" to open its second headquarters in the Washington, D.C., metropolitan area. The Post, citing unidentified sources, says Amazon is seriously considering a section of Arlington, Virginia, known as Crystal City. The Seattle-based retail giant announced last year that it was looking to open a second headquarters somewhere in the U.S., bringing with it as many as 50,000 new jobs.
MCALLEN, Texas (AP) — Federal authorities have awarded a $145 million contract to a Texas company to build six miles of wall along the U.S.-Mexico border in the Rio Grande Valley. U.S. Customs and Border Patrol says SLSCO will begin construction of an 18-foot reinforced concrete levee wall in February in the agency's McAllen Station region. It'll be the first section of President Donald Trump's border barriers in the Rio Grande Valley, the busiest corridor for illegal crossings.
BOGOTA, Colombia (AP) — The World Bank estimates it will cost Colombia upward of $1 billion to tend to the surge of Venezuelan migrants fleeing their nation's economic and humanitarian crisis. Bank analysts conclude Colombia will need to make substantial investments in areas like health and education to cope with an influx of more than one million Venezuelans. But the study also notes that in the longer term the Venezuelan migration to Colombia could generate economic growth.
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