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Wobbly week for U.S. stocks; 2nd weekly drop for S&P 500

first_imgStocks fell broadly on Wall Street Friday as investor jitters over the heated trade war between the world’s two biggest economies overshadowed encouraging developments in conflicts between the U.S. and other key trading partners.The sell-off gained strength in the last hour of trading, handing the benchmark S&P 500 index its second straight weekly loss.News that the U.S. reached a deal with Canada and Mexico to scrap tariffs imposed by the Trump administration last year on imported steel and aluminum failed to cheer up investors. Nor did word earlier in the day that President Donald Trump has delayed for six months a decision on taxing imported cars and auto parts as trade negotiations continue with the European Union and Japan.Those developments took a back seat to growing uncertainty over how Washington and Beijing will resolve their costly trade dispute, which has escalated the past two weeks. On Friday, published reports noted that Chinese state media was sending signals that appeared to dim the prospects for progress in the next round of negotiations.“You had the good news in the delay in the auto tariffs, but the bad news is it’s going to be a long slog with high tariffs on China,” said Tom Martin, senior portfolio manager with Globalt Investments.The S&P 500 fell 16.79 points, or 0.6%, to 2,859.53. Earlier in the day, it had been down as much as 0.8% and up as much as 0.3%. After all its tumbling around the last two weeks, the index remains 2.9% below the record it set last month.last_img read more

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Unalakleet community troopers search for missing woman

first_imgUnalakleet in the fall of 2014. (Photo: Caitlin Whyte, KNOM file)Search and rescue efforts in Unalakleet are entering their sixth day, as the community continues looking for 74-year-old Vivian Foote.Foote was reported missing Wednesday, Nov. 18, according to Alaska State Troopers, who arrived in Unalakleet on Friday to investigate and assist with the search. The Unalakleet Search and Rescue Team has led search efforts, organizing more than 120 volunteers to canvass the city on foot, by snow machine, and by boat.Middy Johnson is a coordinator with the rescue team, and he said more help arrived on Saturday.“We had four search dogs come into Unalakleet — three from Fairbanks and one from Anchorage,” said Johnson. “They’re cadaver dogs. They did half of the town on a grid. [Sunday], we’re continuing with the dogs on the other half of town, and we’ll expand it to the surrounding flats and beaches.”As of Monday morning, Johnson said searchers have found no sign of Foote.Rescue efforts escalated from door-to-door searches on the day Foote went missing to shoulder-to-shoulder sweeps across city limits the day after. And with high winds and blowing snow initially delaying the arrival of search dogs, Unalakleet community members also raised over $7,500 to charter a planeand bring them to town sooner.The search dogs combed the village over two days, before flying out of Unalakleet on Sunday with their handlers to avoid the incoming winter storm.Despite weather difficulties, Johnson said rescue volunteers are receiving support from the Unalakleet community and beyond.“We’re doing OK. We have our headquarters at the church basement, so people bring a lot of food and people come by to give support,” said Johnson. “It does get tiring a little bit, but right now we’re hanging in there.“And we’ve had plenty of calls from other communities that are on standby — just waiting for us if we want to expand it more and need more personnel. So we appreciate that, and we’ll just keep going until we’ve exhausted all our efforts or until we find her.”Vivian Foote was last seen walking near her home in Unalakleet early Wednesday afternoon. She may suffer from medical issues, according to a trooper dispatch.Anyone with information on the whereabouts of Vivian Foote should contact the Alaska State Troopers and the Unalakleet Search and Rescue Team.last_img read more

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