The Commercial Appeal

BUSINESS BRIEFS

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The stock market eked out a small gain but still ended the week lower after several days of losses.

Energy companies rose Friday along with the price of crude oil. ConocoPhil­lips gained 1.7 percent.

Banks and industrial companies also ended higher. PNC Financial rose 1.4 percent, and farming equipment maker Deere & Co. rose 2.7 percent.

The S&P 500 rose 4 points, or 0.2 percent, to 2,751. The Dow Jones industrial average climbed 72 points, or 0.3 percent, to 24,946. The Nasdaq composite edged up a fraction of a point to 7,481.

Bond prices fell. The yield on the 10year Treasury rose to 2.84 percent.

EU releases list of US products that could face retaliator­y tariffs

The European Union on Friday published a list of U.S. products on which it plans to introduce duties if the 28-nation bloc is not exempted from President Donald Trump’s steel and aluminum tariffs.

The list contains dozens of products including breakfast foods, kitchenwar­e, clothing and footwear, washing machines, textiles, whiskey, motorcycle­s, boats and batteries.

They are worth about $3.4 billion in trade annually, but the list could grow once the full extent of the impact of U.S. tariffs is known.

US factory output jumped 1.2% in February, Federal Reserve reports

U.S. factory output jumped last month, led by big gains in the production of cars, computers and furniture.

The Federal Reserve said Friday that manufactur­ing output rebounded 1.2 percent in February, the most since October and following three months of weak or negative readings. Factory production has increased a healthy 2.5 percent in the past year.

Manufactur­ers are benefiting from robust spending by consumers and businesses and solid growth overseas. The dollar has declined in value over the past year, which also makes U.S. goods cheaper overseas.

Many economists expect last year’s tax cuts and rising optimism among business owners to fuel greater investment in machinery and informatio­n technology equipment.

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