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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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Wall Street: Dow Loses 186 Points, Nasdaq and S&P Also Down

b_250_0_16777215_00_images_obgrabber_2013-09_bd1318deb2.jpgHemera/Thinkstock (NEW YORK) -- Stocks ended the week on a sour note. The Dow fell 186 points to finish the week at 15,451, the Nasdaq was down 14 points and closed at 3,775, and the S&P 500 closed down 12 points at 1,710. After setting its 31st record-high of the year on Wednesday, Wall Street’s good vibes didn’t last.

Many investors are concerned that dysfunction and fighting in Washington, D.C., will lead to a government shutdown. Investors are also worried that Congress and the White House won’t be able to come to terms on agreement about the approaching debt ceiling.

Hurting stocks Friday were comments from St. Louis Federal Reserve President James Bullard. He hinted that the Fed, as soon as next month, could start pulling back on its $85 billion bond buying program.

Despite the sharp drop Friday, all of the markets’ major averages finished higher for the week – the third straight week of gains. One of the biggest losers of the day Friday was BlackBerry, which announced late in the session that it will slash 4,500 jobs and post a much wider loss than expected. BlackBerry shares finished the day down 17 percent. The stock has now dropped more than 80 percent in the last three years.

Copyright 2013 ABC News Radio

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