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Friday Evening Business Brief

August 15, 2014, 7:29 PM

Friday Evening Business Brief

NEW YORK (AP) - The stock market recovered from a midday swoon caused by the latest worries over Ukraine and has closed little changed. The S&P 500 index ended pretty much where it started the day, at 1,955 points, down a fraction of a point. It ended the week with a gain of 1.2 percent. The Dow Jones industrial average lost 51 points to 16,662. The Nasdaq rose 12 points to 4,464.

  • The price of oil is up today. Benchmark U.S. crude rose $1.77 to $97.35 a barrel on the New York Mercantile Exchange.
  • U.S. factory output continues to rise. The Federal Reserve reports manufacturing increased for the sixth consecutive month in July. It was led by a jump in the production of motor vehicles, furniture, textiles and metals.
  • The government says falling gasoline costs lowered the prices that U.S. companies received for their goods and services last month, keeping overall inflation in check. The Labor Department says the producer price index rose 0.1 percent in July. In the past year, producer prices have risen just 1.7 percent.
  • The U.S. Department of Agriculture will now require all imported puppies to be at least 6 months old, healthy and up-to-date on vaccinations. The USDA says Census Bureau data show about 8,400 puppies a year were imported without regulation between 2009 and 2013, mostly from China and Eastern Europe. Under the new regulation, violators can be fined $10,000.

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