NEW YORK (AP) The key stock market averages saw gains of nearly 1 percent to begin the week. The Dow was up 96 points to 10,092. The S&P rose 10 and the Nasdaq gained about 20 points.

Washington (AP) The Obama administration will help provide additional financing for state and local housing finance agencies.

The goal is to encourage mortgages for first-time homebuyers and to develop rental housing.

WASHINGTON (AP) Federal Reserve Chairman Ben Bernanke is warning the U.S. must address its record budget deficit and also urging countries like China to get their consumers to spend more.

He says the moves would help reduce what he calls "global imbalances".

CUPERTINO, Calif. (AP) Apple says strong iPhone sales helped profit to rise 47 percent in the recent quarter. Apple sold more than 7 million iPhones during the July through September period, half a million more than a year earlier.

UNDATED (AP) Crude prices continue to march higher. Benchmark crude for November delivery rose $1.08 to settle at $79.61 on the New York Mercantile Exchange.

(Copyright 2009 by The Associated Press. All Rights Reserved.) APNP 10-19-09 1635CDT | save this article / add to your favorites list