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Stocks mixed…Survey: US businesses add 230,000 jobs…Services firms grow more slowly

NEW YORK (AP) — Stocks are mixed in the early going on Wall Street, as energy prices stabilize and investors look over earnings reports. After an hour of trading, the Dow Jones industrial average and the S&P 500 were slightly higher, while the Nasdaq was slightly lower. Devon Energy rose 7 percent and Chesapeake Energy jumped 6 percent after reporting earnings that were better than analysts expected.

WASHINGTON (AP) — Payroll processer ADP says U.S. companies added 230,000 jobs in October, the most in four months. The gains were slightly ahead of the 225,000 added in September, which was revised up from an initial estimate of 213,000. Job gains above 200,000 are usually enough to lower the unemployment rate. The government reports October’s employment numbers on Friday.

WASHINGTON (AP) — U.S. services firms expanded at a slower pace in October for the second straight month, but hiring rose. The Institute for Supply Management says its services index dropped to 57.1 last month, down from 58.6 in September. Any reading over 50 indicates expansion. The trade group’s survey covers businesses that employ 90 percent of the American workforce, including retail, construction, health care and financial services firms.

DETROIT (AP) — Audi is recalling nearly 102,000 luxury cars because the front air bags may not inflate in a crash. The recall covers certain A4 and S4 cars from the 2013 through 2015 model years, plus the 2013 through 2015 Audi Allroad. Volkswagen, which makes Audis, says in rare cases the air bags may not inflate in a secondary impact. It says no crashes or injuries have been reported in the U.S.

NEW YORK (AP) — Orbital Sciences says it will likely stop using the type of engines that were used when its unmanned Antares commercial supply rocket exploded moments after liftoff last week. The company says its investigation of the crash is continuing, but preliminary results point to a failure in one of its two main engines. Orbital says it still plans to fulfill its contract with NASA to deliver all remaining cargo to the International Space Station by the end of 2016.

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