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NEWARK, N.J. (AP) — New Jersey Gov. Chris Christie's former deputy chief of staff testified Friday in her criminal trial that she told him about a traffic study on the George Washington Bridge before sending an email that it was "time for some traffic problems," which prosecutors say started a political revenge plot.
The S&P 500 and the Dow were little changed and the Nasdaq advanced on Friday as a record day for Microsoft and earnings from McDonald's helped offset a fall in energy and healthcare shares. General Electric , often seen as an economic bellwether, weighed on the market as the industrial conglomerate's posted results that topped expectations but cut its full-year revenue target to send shares down 0.9 percent after it touched an 8-month low of $28.33. "The dollar is getting stronger, that is going to have a negative impact energy prices, that is going to have a negative impact on corporate earnings, at least potentially," said Phil Orlando, chief equity market strategist at Federated Investors, in New York.