NEW YORK (AP) -- Wall Street has managed to keep its winning streak going, despite investors' apparent disappointment over the two new iPhones Apple unveiled on Tuesday. A plunge in Apple shares dragged the Nasdaq down four points yesterday and held the S&P 500 to a gain of just five points. Still, that was the seventh advance in a row for the S&P, its longest winning streak since July. The Dow closed up almost 136 points. Trading in futures suggests a lower opening this morning.
MUMBAI, India (AP) -- International stock markets were muted today as investors kept their guard up ahead of the release of U.S. retail sales data and next week's Federal Reserve policy meeting. Benchmark crude oil rose to creep nearer to $108 per barrel. The dollar fell against the yen and gained against the euro.
WASHINGTON (AP) -- The Labor Department provides its weekly update on first-time claims for unemployment benefits this morning. Also today, mortgage company Freddie Mac reports on weekly mortgage rates and Treasury releases the federal budget for August.
LOS ANGELES (AP) -- Lenders initiated foreclosure action in August against the fewest U.S. homes for any month in nearly eight years, a trend that should help reduce the number of homes lost to foreclosure in the months ahead. The national slowdown in foreclosure starts reflects an improving housing market, steady job growth and fewer troubled loans dating back to the pre-housing bubble days.
BRUSSELS (AP) -- Official figures show that industrial output across the 17 European Union countries that use the euro fell by a massive monthly rate of 1.5 percent in July. The decline, reported today by Eurostat, was much bigger than expected -- the consensus of analysts' forecasts was for a far more modest decline of around 0.3 percent. The fall is likely to stoke fears over the state of the eurozone economy following a modest rebound.
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