Here are the latest readings of the major market indexes:
New York Stock Exchange 12392.34 down 140.95
NYSE MKT Composite Index 2057.11 down 16.35
NASDAQ: Composite 10657.27 up 69.46
Standard and Poors 500 3245.46 down 0.76
By JOSEPH PISANI AP Retail Writer
NEW YORK (AP) — Amazon is one step closer to space. The online shopping giant received government approval to put more than 3,200 satellites into orbit that would beam down internet service to earth. Amazon said the satellites could provide internet to parts of the world that don’t have it. It could also become a new business for Amazon, selling internet service to people or companies who want it. Amazon said it will spend $10 billion on the initiative, called Project Kuiper. It’s opening a research facility in Redmond, Washington, where the satellites will be designed and tested.
By CHRISTOPHER RUGABER AP Economics Writer
WASHINGTON (AP) — Wages and benefits for U.S. workers rose at the slowest pace in three years in the April-June quarter, a sign that businesses are holding back on pay as well as cutting jobs in the coronavirus recession. Pay and benefits increased 0.5% in the second quarter, down from 0.8% in the first three months of the year. Wages and salaries rose just 0.4%, while benefits jumped 0.8%.