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Tech stock rally helps snap losing streak as rough week ends

NEW YORK (AP) — Stocks rebounded Friday, clawing back some of the week’s steep losses, but the turbulent trading of the last few days left no doubt that the relative calm the markets enjoyed all summer had been shattered. Major U.S. indexes ended the week down about 4 percent, their worst weekly loss in six months. An index measuring the performance of small-company stocks had its worst week since early 2016. Big technology and consumer-focused companies led the recovery Friday. Longtime favorites of many investors, they had plunged in the last few days. A major factor cited by ...

Stocks plunge again; Dow’s two-day loss reaches 1,300 points

NEW YORK (AP) — U.S. stocks sank more than 2 percent Thursday, the second day of steep declines around the globe driven by concerns about rising interest rates and trade tensions that could slow economic growth. The Dow Jones Industrial Average fell 545 points after dropping 831 points Wednesday. The two-day loss of 5.3 percent is the biggest for Dow since February. The S&P 500 is also down more than 5 percent over the two days and after falling for the past six trading days is almost 7 percent below its Sept. 20 high. The recent turbulence in financial markets is a contrast to ...

Trump steps up his attacks on Federal Reserve’s rate hikes

WASHINGTON (AP) — President Donald Trump on Thursday escalated his attack on the Federal Reserve’s interest rate increases, asserting that “the Fed is out of control” and blaming it for this week’s plunge in stock prices. “It’s a correction that I think is caused by the Federal Reserve with interest rates,” Trump said when asked by reporters in the Oval Office about the stock market swoon. He added, “We have interest rates going up at a clip that’s much faster than certainly a lot of people, including myself, would have anticipated. I think the Fed is out of ...

Risk of streaming fatigue as Walmart, AT&T, Disney join fray

NEW YORK (AP) — As Walmart, AT&T and Disney join stalwarts such as Netflix in streaming video and creating original shows, a reality sets in: Not all will survive. Over the past week, Walmart announced plans to partner with MGM Studios on original shows for Walmart's video-on-demand service, Vudu, while AT&T’s WarnerMedia said it would create its own streaming service centered on HBO and Turner properties. Disney, meanwhile, is buying Fox’s entertainment businesses to beef up its planned streaming service , set to debut next year. Add to that some existing, but little-known ...

Business Briefs for Oct. 8

Myers joins Carris Health Clinic-Marshall Carris Health welcomes Kasey Myers, DNP, FNP-C, to its medical team in Marshall. Myers will be serving patients in a shared practice model seeing patients with Dr. Tim Michaels and Dr. Bill Kremer beginning in mid-October. Myers received her bachelor of science in nursing from North Dakota State University in Fargo, NmD. She recently completed her doctor of nursing practice degree from the University of Minnesota, Twin Cities. Prior to completing her doctorate, Myers worked as an RN in orthopedics at Abbott Northwestern Hospital in ...

US jobless rate lowest since 1969

WASHINGTON (AP) — The U.S. unemployment rate fell in September to 3.7 percent, the lowest since 1969, when young men were being drafted to fight in Vietnam and the American auto industry and the space program were going full blast. The Labor Department reported Friday that the rate edged down from 3.9 percent the month before as employers added 134,000 jobs — a figure that was probably depressed by the effects of Hurricane Florence in the South. Still, it extended an extraordinary 8 1/2-year streak of monthly job growth, the longest on record. That run has added nearly 20 million ...