Saturday Business Brief
A South Dakotan is a winner on the Allegiant Airlines' first in-flight game show called "The Game Plane." The reality show is filmed entirely in-flight using passengers as contestants competing for prizes from cash to luxury vacations at resorts in Las Vegas and Orlando.
International stock markets mostly rebounded today after a fall in U.S. unemployment applications and comments from a Federal Reserve official eased nerves about a stalling economic recovery.
Stocks are ending mostly higher after recovering from an early plunge. Energy companies rose the most after the price of crude oil turned higher. The Dow Jones industrial average edged down 24 ½ points to 16,117. Broader indexes fared better. The S&P 500 edged up a fraction of a point to 1,862. The Nasdaq composite gained two points to 4,217.
NEW YORK (AP) - It's been another volatile trading day on Wall Street, but it appears stock indexes have at least recovered this morning's steep drop. The Dow sank as much as 206 points in the first hour of trading but has been wavering between positive and negative territory this afternoon. The S&P 500 and the Nasdaq have traced similar paths.
An unemployment insurance benefit scam is targeting South Dakota residents.
NEW YORK (AP) - Stocks are ending a wild day mostly lower but indexes recovered much of an early plunge. The Dow Jones industrial average plummeted as much as 460 points in afternoon trading, then regained much of the ground it lost. It ended down 173 points, or 1.1 percent, at 16,141. The S&P 500 fell 15 points, or 0.8 percent, to 1,862. The Nasdaq fell 12 points, or 0.3 percent, to 4,215.
NEW YORK (AP) - Fears of a global economy slowdown have triggered a massive sell-off in the stock market. The Dow has been down as much as 458 points this afternoon, while the losses in the S&P 500 and the Nasdaq also have exceeded 2 percent. Strategist Terry Sandven at U.S. Bank Wealth Management describes the concern for the U.S. economy as a function of "being the best house in a bad neighborhood."
European stocks wallowed in early trading today on dour growth prospects while Asian shares were mostly higher as a slump in energy prices promised benefits for the region's major economies.
International stock markets lost ground today following Wall Street's dismal performance the day before.
International stock markets turned lower today, shrugging off robust Chinese trade figures as investors exited riskier assets after concerns resurfaced about the global economic outlook.
Investors are trying to recover from their roller coaster ride last week on Wall Street. The stock market had its worst weekly performance since May 2012. All three major indexes ended lower for the week. On Friday, the Dow lost 115, or 0.7 percent, to 16,544. The S&P 500 shed 22 or 1.2 percent, to 1,906. The tech-heavy Nasdaq slid 102 points, or 2.3 percent, to 4,276.
Sears Holdings Corp. is announcing a data breach at its Kmart stores that started in early September.
Stocks are closing out a turbulent week with another loss, giving the market its worst week since May 2012. The Dow Jones industrial average lost 115 points, or 0.7 percent, to 16,544 today.
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