Jim Chesko reporting...
After notching new closing highs in Wednesday’s pre-holiday session, the market indexes finished in the red today. Stocks lost ground in the wake of a stronger-than-expected June jobs report and the belief that the Federal Reserve is now less likely to cut interest rates at its late-July policy meeting.
The Dow Industrials fell 43 points, the Nasdaq Composite lost 8 and the S&P 500 eased 5.
Oil futures edged higher today, with August crude rising 17 cents to settle at $57.51 a barrel.
It’s been abandoned since Hurricane Katrina hit the area in 2005, and there’s word now that Six Flags’ New Orleans amusement park could soon be torn down finally. The Associated Press reports that Mayor Cantrell’s office is targeting the 162-acre site for demolition - a job that would likely cost at least $1.3 million.
