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BUSINESS Saturday 20 May 2017
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U.S. stocks close broadly higher; oil rises

ALEX VEIGA companies. $1.58 per gallon.
AP Business Writer The S&P 500 index rose Among metals, the price
Industrial companies led 16.01 points, or 0.7 percent, of gold inched up 80 cents
U.S. stocks higher Friday, to 2,381.73. The Dow Jones to settle at $1,253.60 per
giving the stock market its industrial average added ounce. Silver added 13
second gain in two days. 141.82 points, or 0.7 per- cents to $16.80 per ounce.
The rally was broad, with cent, to 20,804.84. Copper rose 5 cents to
all 11 industry sectors in the The Nasdaq composite in- $2.58 per pound.
Standard & Poor’s 500 in- dex gained 28.57 points, or In currency trading, the
dex closing higher. 0.5 percent, to 6,083.70. dollar weakened to 111.20
That included energy The Russell 2000 index of yen from 111.49 yen on
stocks, which climbed as smaller stocks picked up Thursday. The euro jumped
the price of crude oil rose. 6.25 points, or 0.5 percent, to $1.1205 from $1.1101.
The gains helped trim some to 1,367.33. Several major indexes
of the losses that traders Four stocks rose for every overseas also posted gains
booked two days ear- one that fell on the New Friday.
lier when the stock market York Stock Exchange. Still, Germany’s DAX rose 0.4
posted its worst day in eight indexes ended the week This Monday, July 6, 2015, file photo shows a sign for Wall Street percent, while France’s
months amid deepening lower. carved into the side of a building in New York. Stocks are edg- CAC 40 gained 0.7 per-
political turmoil in Washing- Bond prices edged lower. ing higher in early trading on Wall Street, Friday, May 19, 2017, cent. Britain’s FTSE 100
ton. The 10-year Treasury yield as traders look over a mixed bag of earnings reports. added 0.5 percent.
Investors appeared to rose to 2.24 percent from Associated Press In Asia, Japan’s bench-
shrug off those concerns on 2.23 percent late Thursday. mark Nikkei 225 gained
Friday, preferring instead to Energy futures closed high- crude, used to price inter- ral gas added 7 cents to 0.2 percent. South Korea’s
focus on the latest batch of er. Benchmark U.S. crude national oils, rose $1.10, $3.26 per 1,000 cubic feet. Kospi added nearly 0.1 per-
corporate earnings, which oil gained 98 cents, or 2 or 2.1 percent, to settle at Wholesale gasoline gained cent. Hong Kong’s Hang
included solid results from percent, to close at $50.33 $53.61 a barrel in London. In 5 cents to $1.65 per gallon. Seng rose 0.3 percent.q
Deere & Co. and other a barrel in New York. Brent other futures trading, natu- Heating oil rose 4 cents to
Unemployment rates hit

record lows in 3 states

JOSH BOAK tively stable in the other 39, est unemployment rates
AP Economics Writer the Labor Department said since 1976. Colorado’s
WASHINGTON (AP) — Solid Friday. A significant number rate, at 2.3 percent, was
hiring nationwide led un- of the job gains occurred in the nation’s lowest.
employment rates to touch nine states, led by Texas, Those states’ jobless rates
record lows in three U.S. Minnesota and Wisconsin. fell because more residents
states last month. Indiana was the only state found work. In some cases,
Unemployment rates de- to see a significant de- the rate falls when those
clined in 10 states in April, crease in jobs last month. out of work stop looking In this Friday, March 10, 2017, file photo, jobseeker Kiana Cupit
works on her resume during a resumes writing class at the Texas
increased in one — Massa- Arkansas, Colorado and and are no longer counted Workforce Solutions office in Dallas.
chusetts — and held rela- Oregon reported the low- as unemployed. Associated Press

Toyota, Nissan, others get behind All told, 19 states had un- ger percentage job gains
employment rates lower last month, while Indiana
than the national average experienced a loss of
fuel cell push in Japan of 4.4 percent. Hawaii, New 11,300 jobs, or a decline of
Hampshire, North Dakota 0.4 percent.
and South Dakota each Across the country, em-
AP Business Writer Fuel cell vehicles are zero- city of hydrogen stations. had jobless rates below 3 ployers added 211,000 jobs
TOKYO (AP) — Japan is emission, running on power Tokyo-based Honda, for in- percent. The highest un- in March. Hiring has aver-
backing a push for pollu- produced when hydrogen stance has delivered only employment rate was New aged 174,000 jobs in the
tion-free vehicles that run combines with oxygen in 245 of its latest Clarity fuel- Mexico at 6.7 percent, past three months, close to
on hydrogen and planning the air to create water. cell vehicles in Japan and while Alaska had the sec- last year’s pace. The unem-
to build more hydrogen fu- Now, only a handful of such the U.S. Toyota has deliv- ond highest at 6.6 percent. ployment rate has tumbled
eling stations so that fuel- vehicles are on the roads, ered about 3,000 of its Mirai Nevada, Hawaii and North to 4.4 percent from 4.8 per-
cell vehicles on roads will partly because of the scar- fuel cell cars.q Dakota enjoyed the stron- cent in January.q
grow to 40,000 by 2020,
from the current handful.
The collaboration on fuel
cells, announced Friday,
brings together 11 compa-
nies, including automakers
Toyota Motor Corp., Nis-
san Motor Co. and Honda
Motor Co. energy and gas
companies and a bank