Trump rally cancelled in Chicago over security worries

A rally for Donald Trump in Chicago was cancelled late Friday because of safety concerns, according to published reports. Supporters and protesters engaged in verbal confrontations at the University of Illinois at Chicago Pavilion ahead of the cancellation, AP reported. Rallies for the Republican presidential front-runner have seen incidents of violence and arrests in recent days.

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S&P upgrades Ford’s credit rating by one notch to ‘BBB’; outlook stable

Standard & Poor’s Ratings Services on Friday upgraded Ford Motor Co.’s credit rating by one notch to ‘BBB’ from ‘BBB-‘. “The upgrade reflects our view that Ford remains well positioned to sustain the recent improvement in its operating margins over the next two years,” said S&P’s credit analyst Nishit Madlani in a statement. Madlani also expects the strong global automotive industry to continue supporting Ford’s business in North America and overseas, except in South America. The outlook on the rating is stable. Ford shares rose 1.1% to close at $13.29 on Friday.

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Boeing CTO to retire, airplane maker names new leaders

Boeing Co. Chief Technology Officer and vice president of engineering John Tracy will retire this summer, the airplane maker said late Friday. Tracy will begin transitioning his duties next month to newly designated executives who will report directly to Boeing’s Chief Executive Dennis Muilenburg, the company said. Effective April 4, Chief Information Officer Ted Colbert will also be senior vice president of information and analytics; Scott Fancher, Greg Hyslop, and Pat Shanahan are appointed senior vice presidents of, respectively, program management and integration, engineering and technology, and supplies and operations, the company said. Shares of Boeing fell 0.2% in late trading after ending the regular session up 1.4%.

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Stocks log highest finish of the year

U.S. stocks finished higher Friday, clinching their fourth straight weekly gain and highest close of the year, as crude oil prices rallied and worries about slowing global growth faded. The S&P 500 closed 32.49 points, or 1.6%, higher at 2,022.09 The Dow industrials finished 217.64 points, or 1.3%, higher at 17,212.77, led by Pfizer Inc.[ and E. I. du Ponte de Nemours and Company. The Nasdaq Composite finished 86.31 points, or 1.9%, higher at 4,748.47.

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Oil futures settle with a gain of 7.2% for the week

Oil futures settled higher Friday to score a 7.2% gain for the week. A report from the International Energy Agency suggested that a bottom may be in place for oil prices. April West Texas Intermediate crude rose 66 cents, or 1.7%, to settle at $38.50 a barrel on the New York Mercantile Exchange. That was the highest settlement since early December, according to FactSet data. The weekly gain was WTI’s fourth in a row.

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Gold futures lose 0.9% for the week

Gold futures fell on Friday to finish the week with a loss of roughly 0.9%. Strength in the U.S. stock market and gains for oil prices and the dollar dulled investor interest in the metal. April gold declined by $13.40, or 1.1%, to settle at $1,259.40 an ounce.

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