Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Article excerpt

Stocks rally, dip: A last-minute burst of selling pulled the major U.S. stock indexes mostly lower Wednesday, ending the market's five-day winning streak.

The S&P 500 index and Dow Jones Industrial Average finished with tiny losses that left them just below their all-time highs set a day earlier. The Nasdaq composite eked out a slight gain, giving it its fifth-straight record high.

Trading was listless most of the day in the absence of major new economic data and only a few corporate earnings reports for investors to mull over.

Losses in banks, industrial stocks, household goods makers and technology companies helped pull the market lower. They offset gains in real estate, communication services, health care and elsewhere in the market.

Boeing space capsule to debut: Boeing's shiny new Starliner crew capsule makes its debut this week with a launch to the International Space Station, the company's last hurdle before flying astronauts for NASA next year.

Testing the cosmic waters will be Rosie the mannequin, decked out in Boeing's custom blue spacesuit and a red polka dot bandanna modeled after the World War II riveter.

If the orbital demo goes well, the first Starliner crew could be rocketing to the space station by summer.

SpaceX also is looking to start launching astronauts for NASA, perhaps by spring. It completed a similar test flight of its crew capsule back in March.

Judge OKs $25 billion for PG&E fire victims: A federal bankruptcy judge on Tuesday approved two Pacific Gas & Electric settlements totaling $24.5 billion to help pay the losses suffered by homeowners, businesses and insurers in the aftermath of catastrophic Northern California wildfires that sent the nation's largest utility into a financial morass.

The decision by U.S. Bankruptcy Judge Dennis Montali at the end of a five-hour court hearing bolsters PG&E's chances of following its preferred path for getting out of bankruptcy by a make-or-break June 30 deadline. …

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