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The dollar fell and benchmark U.S. Treasury yields touched multi-week lows on Friday as an unexpectedly weak government reading of American labor costs dulled prospects for higher U.S. interest rates. Wall Street stock prices closed down, after surrendering early gains from the Employment Cost Index data showing the smallest quarterly increase in 33 years. Oil prices declined by 2 to 3 percent on growing worries about global oversupply.
The US Coast Guard said Friday it is ending its search for two Florida teens who went missing after setting off on a fishing trip one week ago. Austin Stephanos and Perry Cohen, both 14, cast off last Friday from Jupiter, Florida, in a 19-foot (six-meter) white single-engine boat and have not been seen since. "We have made the decision that we will suspend at sunset tonight," Captain Mark Fedor of the US Coast Guard told reporters.