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  • Gas Price Update and Outlook

    gaspump blueAverage retail gasoline prices in Washington have fallen 2.6 cents per gallon in the past week, averaging $3.91/g yesterday, according to GasBuddy's daily survey of 2,666 gas outlets in Washington. This compares with the national average that has fallen 4.9… Read More +

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  • $50 Million: Cost of WA Wildfires

    helicoptercarlsonThe cost of fighting this season's wildfires in Washington, including the largest one in the state's history, has crossed the $50 million mark. Bolstered by the nearly 400-square-mile wildfire in north-central Washington, this year's wildfire season has been widespread, with dozens… Read More +

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  • Lynch's Absence Means Opportunities In Seattle

    seahawks blueThe absence of Marshawn Lynch from Seattle Seahawks training camp means opportunity for Robert Turbin and Christine Michael. Turbin and Michael were already going to get the bulk of the work during the preseason with Lynch being prepped for the grind of the regular season. But with Lynch holding out, Turbin and Michael are getting a greater opportunity to show they can handle the load.

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Stocks Down Ahead of the Holiday Weekend

b_250_0_16777215_00_images_obgrabber_2013-08_2137c88208.jpgiStockphoto/Thinkstock(NEW YORK) -- U.S. Stocks called it a week, and the month, with losses on the  Friday before Labor Day weekend. The Dow Jones Industrial Average closed down 30.64 points, or 0.2 percent, at 14,810.31. While blue chips trading is down for the week and the month of August, the index is still up for the year.

The Nasdaq Composite gave up 30.43 points to close at 3,589.87. The S&P 500 closed off 5.20 points at 1,632.97.

The markets are closed on Monday for Labor Day. Investors are still plagued by uncertainty over whether the Federal Reserve will start scaling back its support for the economy next month.  There are also new worries about a possible U.S. military strike on Syria. Americans are also not feeling as confident about the economy.  The latest University of Michigan Consumer Sentiment index was at a six-year high in July, but it slipped lower in August.  Even with the drop, it was still nearly eight points higher than a year ago.

 

Gold is having a summer revival. Prices touched $1,420 an ounce this week -- a three and a half-month high.  Escalating tensions in the Mideast and renewed demand for jewelry in china pushed prices higher.

Copyright 2013 ABC News Radio

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