Wall Street rally ... China's economy ... Gas prices

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Associated Press

Posted on July 15, 2013 at 7:02 AM

Updated Monday, Jul 15 at 7:02 AM

NEW YORK (AP) — Analysts will be watching Wall Street closely today to see if last week's strong finish is a harbinger of things to come. Stocks rallied at the last minute on Friday and the Dow finished with a gain of three points at 15,464, while the S&P 500 added 5 to 1680, both new records.

BANGKOK (AP) — Asian stock markets mostly posted modest gains Monday, registering relief that a slowdown in China's economic growth wasn't as sharp as feared. The world's second-largest economy grew 7.5 percent from a year earlier in the second quarter, slowing from the previous quarter's 7.7 percent, as weak trade and a clampdown on lending took their toll.

WASHINGTON (AP) — More signals about the health of the economy will be coming later this morning. The Commerce Department releases retail sales data for June at 8:30 a.m. Eastern time, and the Commerce Department releases business inventories for May at 10.

CAMARILLO, Calif. (AP) — The average U.S. price of a gallon of gasoline has dropped a penny over the past three weeks.The Lundberg Survey of fuel prices released Sunday says the price of a gallon of regular is $3.59. Midgrade costs an average of $3.77 a gallon, and premium is $3.91.Diesel remained unchanged at $3.90 gallon.

LOS ANGELES (AP) — Universal's minions ran away with the box office for the second week in a row. With $44.8 million in domestic ticket sales, the animated sequel "Despicable Me 2" outdid the debuts of the Adam Sandler comedy "Grown Ups 2" and Guillermo Del Toro's monsters-versus-robots action flick "Pacific Rim."

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