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US stocks rise after oil prices ease and SpaceX soars in debut

NEW YORK — U.S. stocks rose Friday after oil prices fell again, and SpaceX soared in its highly anticipated debut on Wall Street. The S&P 500 added 0.5% to close out its 10th winning week in the last 11. The Dow Jones Industrial Average climbed 353 points, or 0.7%, and the Nasdaq composite gained 0.3%. Stocks got a lift from a 3.4% drop for the price of Brent crude oil to $87.33 per barrel, deepening its loss for the week. Oil prices have come down since President Donald Trump on Thursday called off his threat to launch strikes on Iran and said a potential deal with Iran may be ...

Briefcase: ACRP, IUP mark affiliation

JOHNSTOWN Alternative Community Resource Program will host a formal signing ceremony to establish a new clinical affiliation agreement with Indiana University of Pennsylvania, marking a significant step forward in expanding health care education and services in the region. The signing will take place at ACRP’s Outpatient Clinic, 119 Walnut St., Johnstown, at 1 p.m. Monday. The agreement supports the development of IUP’s Proposed College of Osteopathic Medicine and reflects a shared commitment to advancing community-based clinical training and improving health care access across ...

Ticker: Musk’s SpaceX set to make Wall Street debut

Elon Musk’s rocket company SpaceX will make its debut on Wall Street Friday. Both institutional and retail investors are expected to gobble up the 555.6 million shares going up for sale at $135 apiece. Musk is already the world’s richest man and he could become its first trillionaire. Musk says the company is going public because it needs money to fund its ambitions of putting satellites and data centers in space. US producer prices spike in May U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by surging energy prices. The Labor Department ...

US stocks jump to best day in over two months

NEW YORK — U.S. stocks rallied to their best day in two months, and oil prices fell Thursday after President Donald Trump called off his threat to bomb Iran in the evening. That raised hopes for a potential deal that could get the global flow of oil going again. The S&P 500 jumped 1.8%, ...

FBI agents seize evidence at Calif. aerospace facility

LOS ANGELES — Federal authorities served a search warrant on Wednesday at a Southern California aerospace facility where a chemical tank overheated last month, forcing 50,000 residents to evacuate. The warrant signed by a federal judge last week approved the seizure of documents and records ...

Briefcase: Dental training center being established

JOHNSTOWN The University of Pittsburgh School of Dental Medicine, Hyndman Area Health Centers and Conemaugh Memorial Medical Center are partnering to establish a Regional Training Center in Johnstown, the third location to offer Pitt dental training and care in rural Pennsylvania communities. The center will train general practice dental residents, dental hygienists and dental assistants. Patients will be able to receive routine dental care at the new Regional Training Center in Johnstown beginning in July 2027. Hyndman Area Health Centers, a Federally Qualified Health Center, will ...