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Market ends week on down note...Oil drops again... Drivers get break at gas pump

Friday - 9/27/2013, 6:20pm  ET

NEW YORK (AP) -- Investors are focusing on the risk of a U.S. government shutdown and that drove the stock market down today, capping the market's first losing week of September. The Dow Jones industrial average fell 70 points to 15,258. The Standard & Poor's 500 index slipped seven points to 1,691 and the Nasdaq composite fell six points to 3,781.

NEW YORK (AP) -- The price of oil is down again, finishing the week with a decline of nearly 2 percent. Benchmark crude for November delivery fell 16 cents to close at $102.87 a barrel today in New York. For the week, the price declined $1.80 a barrel, or 1.7 percent. Oil has fallen for three straight weeks as diplomatic efforts surrounding Syria and Iran ease concerns about Middle East supplies

NEW YORK (AP) -- Motorists can probably look forward to cheaper fill-ups at the gas station in the weeks ahead. Tom Kloza, Chief Oil Analyst at GasBuddy.com says "It's a layup for me to predict lower prices until Columbus Day weekend." Gas prices have fallen steadily throughout September. The national average price for a gallon of gasoline is now $3.42, down from $3.59 on Sept. 1.

NEW YORK (AP) -- Exxon says it will begin offering benefits to legally married same-sex couples in the U.S. for the first time as of Jan. 1. The company says it will recognize "all legal marriages" when it determines eligibility for health care plans for the company's 77,000 employees and retirees in the U.S. Exxon Mobil says it's following the lead of the U.S. government.

INDIANAPOLIS (AP) -- Izod will end its deal as title sponsor of the IndyCar Series at the end of the season. The company signed on as the official apparel provider of IndyCar in 2008 and increased its involvement to series entitlement holder in 2010. Izod says it's shifting its product focus and must adjust its marketing spending as well.


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