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Tech stocks, deals bouy market...Business data due

Tuesday - 8/13/2013, 7:40am  ET

NEW YORK (AP) -- Technology stocks were bright spots on Wall Street Monday on a day when the indexes ended relatively flat. BlackBerry jumped 10 percent after the struggling smartphone maker said it would consider a sale. Apple stock rose after a blogg said the firm would release the latest version of its iPhone on Sep. 10. The Dow closed down nearly 6 points. The S&P fell nearly 2 points and the Nasdaq rose nearly 10. Wall Street futures headed higher.

BANGKOK (AP) -- International stock markets posted gains today, helped by solid improvement in Japan's Nikkei index on hopes for more monetary stimulus. Benchmark crude oil rose to near $107 per barrel. The dollar gained against the yen and fell against the euro.

LOS ANGELES (AP) -- Americans continue to scale back their use of high-interest credit cards. According to Transunion, late payments on credit cards down to the lowest level in nearly 20 years. According to the Federal Reserve, Americans' credit card debt dropped $2.7 billion in June and remains 16.5 percent below its July 2008 peak.

WASHINGTON -- The Commerce Department will release both sales data and business inventories for July later this morning. Overall retail spending rose 0.4 percent in June as Americans bought more cars and trucks, furniture and clothes but cut back almost everywhere.

HOUSTON (AP) -- BP is suing the U.S. government over a decision to bar the oil giant from getting new federal contracts to supply fuel and other services after the company pleaded guilty to manslaughter and other criminal charges related to the 2010 Gulf of Mexico oil spill. The Houston Chronicle reports BP says it wants an injunction against an order by the Environmental Protection Agency that suspends the company from such contracts.


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