NEW YORK (AP) — Stocks fell for a second straight day on Wall Street today as investors were left unimpressed by Apple’s latest batch of product announcements. Negative news out of Home Depot and McDonald’s also weighed on the market. The Dow lost over 97 points, its biggest one-day drop in a month. The Standard & Poor’s 500 index lost 13 and the Nasdaq composite lost 40 points. Investors had little in the way of economic data to digest.
CUPERTINO, Calif. (AP) — For the first time in years, Apple’s iPhones weren’t the star of the show. Apple today unveiled a smartwatch, a wearable device that marks the company’s first major entry in a new product category since the iPad’s debut in 2010. The move is significant because of recent questions about whether Apple still has a knack for innovating following the 2011 death of co-founder Steve Jobs.
DETROIT (AP) — Honda shared its vision of the hands-free highway commute today, rolling out a car that can safely drive itself on the freeway while the driver’s hands are off the wheel. While the car is just a prototype, Honda says the technology could start appearing on Honda cars in 2020 and beyond. The prototype is an Acura RLX sedan and it has cameras that monitor lane marking and multiple radar sensors on the front and sides.
WASHINGTON (AP) — The number of U.S. job openings remained near the highest level in 13 years in July, and companies also stepped up hiring that month to the fastest pace in nearly seven years, two signs the job market is slowly healing. The Labor Department says the tally of available jobs ticked down 2,000 to 4.673 million in July, from 4.675 million in June. The figure for June was the highest since February 2001.
WASHINGTON (AP) — Speaker John Boehner says the House will extend the authority of the Export-Import Bank this month and it may be done as part of a government-wide funding bill that’s needed to prevent a shutdown at month’s end. The Ohio Republican, back in Washington, tells reporters that even a powerful foe of the bank, Financial Services Committee Chairman Jeb Hensarling, believes a temporary extension is in order.
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