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Evening Business Brief

September 9, 2010, 6:43 PM

Evening Business Brief
Stock prices continued their September advance.  The Dow gained 28 points to 10,415. The S&P added 5 points, and the Nasdaq rose 7.
  • Apple has given software developers guidelines used to decide which programs can be sold in its App Store, after more than two years of complaints. Apple reserved broad leeway for itself in ruling what makes the cut.
  • New claims for unemployment benefits declined by 27,000 last week to 451,000, the lowest in two months. And, in another encouraging report, the government said the trade deficit narrowed significantly in July as exports climbed to the highest level in nearly two years.
  • Oil prices slipped a bit today. On the New York Mercantile Exchange, benchmark crude fell 42 cents to settle at $74.25 per barrel.
  • For long-term mortgages, rates edged up, but just barely last week. Freddie Mac says the average for a 30-year fixed-rate loan was 4.35 percent, up from 4.32 percent in the previous week.

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