NEW YORK (AP) — The stock market is making gains in early trading today. At 10:35 a.m. Eastern Time, the Dow Jones industrial average rose 60 points to 17,042. The S&P 500 climbed four points to 1,983. And the Nasdaq gained 21 points to 4,466.
WASHINGTON (AP) — U.S. home prices rose in May from a year earlier, but at the weakest pace in 15 months. The Standard & Poor’s/Case-Shiller 20-city home price index increased 9.3 percent in May from 12 months earlier. That’s down from 10.8 percent in the previous month and the smallest annual gain since February 2013. Yearly price gains slowed in 18 of the 20 cities. They accelerated in Charlotte, N.C., and were flat in Tampa, Florida.
WASHINGTON (AP) — U.S. consumers are more confident about the economy than they’ve been in nearly seven years. The Conference Board’s confidence index rose to 90.9 in July from an upwardly revised 86.4 in June. The July reading is the highest since October 2007, two months before the Great Recession officially began. Economists say strong job growth has helped boost consumers’ assessment of current conditions and improve their outlook on jobs and the economy.
ATLANTA (AP) — UPS is lowering its outlook for the year as it announces plans to spend $175 million on technology and other enhancements to improve service during peak season. During last year’s holiday season, a big increase in online shopping and a crush of last-minute orders by shoppers who jumped on offers of free shipping caught UPS by surprise. The company was forced to hire extra workers to handle the rush, but some gifts still arrived late.
DETROIT (AP) — Suzuki is recalling nearly 26,000 midsize cars in the U.S. because the daytime running light modules could overheat and cause a fire. The recall covers the Verona from the 2004-2006 model years. It’s an expansion of an earlier recall of the Forenza and Reno. All the cars were made by General Motors in Korea. American Suzuki Motor Corp. filed for Chapter 11 bankruptcy protection in November of 2012 and no long sells automobiles in the U.S.
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