Stocks mixed…Unemployment drops…Retail sales surge
NEW YORK (AP) – Stocks are mixed in midday trading on Wall Street after opening mostly higher, recouping some of their modest losses from a day earlier. Gains in industrial, health care, and technology companies are outweighing losses in banks and elsewhere in the market.
WASHINGTON (AP) – The number of Americans filing for unemployment benefits has dropped to the lowest level in nearly half a century. The Labor Department says weekly claims for jobless aid fell by 5,000 last week to 192,000, the lowest since September 1969.
WASHINGTON (AP) – U.S. retail sales surged in March at the fastest pace since late 2017, as spending on autos, gasoline, furniture and clothing jumped. It’s a sign that the healthy job market has likely made consumers more eager to spend in ways that boost overall economic growth.
LONDON (AP) – Google will start giving European Union smartphone users a choice of browsers and search apps on its Android operating system, in changes designed to comply with an EU antitrust ruling. The EU’s executive Commission slapped Google with a record $5 billion antitrust fine in July after finding that it abused the dominance of Android to force handset makers to install Google apps, reducing consumer choice.
LOS ANGELES (AP) – Marvel Studios says that “Avengers: Endgame” is a definitive conclusion to the first 22 movies of the Marvel Cinematic Universe and that everything after is a new start. What that means exactly is a closely-guarded secret, unknown even to some cast members. Audiences will find out, however, when the epic blockbuster is unleashed on the world on April 26.