Jim Chesko reporting for WWL First Business News
Stocks closed out the week on a positive note, with the Dow Industrials rebounding 109 points today. The Nasdaq Composite rose 13 points, while the S&P 500 edged up 6.
Stocks rebounded after three days of losses as a week of worry about trade talks between the U.S. and China winds down.
The modest gains Friday weren't enough to erase a weekly loss for the S&P 500 index, its first after six weeks of gains. Banks and companies that rely on consumer spending were among the gainers, outweighing losses in technology and real estate.
Oil prices fell after two days of sharp gains. December crude dropped 81 cents, or 1.4%, to settle at $57.77 a barrel.
A New Jersey company is recalling some 97,000 pounds of “Ready Pac” salad products due to a potential E. coli contamination – a recall impacting 22 states including Louisiana. Missa Bay’s salad kits are sold at stores including Aldi, Target, Walmart and Sam’s Club. At least 17 people in eightstates have been sickened.
A New Orleans-based entertainment-design and production company is adding to its workforce. Solomon Group, which also has offices in Jefferson and Elmwood, is creating 86 new jobs under the state’s Entertainment Job Creation Program.
