Stocks End Higher As Jobs Data Loom
New York traders saw modest gains as economic data and retail sales fueled optimism that Fed rate hikes may end. A favorable Altria ruling boosted the Dow while profit-taking lingered ahead of Friday's June employment report. Analysts warn that results either way could renew inflation and growth concerns.
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Bayou Task Force Considers Regional Intermodal Authority
The Bayou task force, chaired by a police force leader, plans to create a regional authority to manage Cedar Crossing area container traffic amid Cedar Bayou industrial growth. It aims to adopt a master plan for an intermodal terminal, coordinate multiple entities, and address public concerns over barge and truck traffic, with a July 27 next meeting set and agendas posted publicly.
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