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September 16, 2011 05:13 PM

Friday Evening Business Brief


Make it five-in-a-row. The market has logged a week of gains, capped by today's 76 point advance for the Dow, settling at 11,509.
The S&P 500 finished the week with a 5 percent gain, the best weekly showing since the first week of July.
  • The Federal Reserve says Americans' wealth declined this spring for the first time in a year. It happened as stocks and home values fell. At the same time, corporations increased the size of their cash stockpiles.
  • The International Council of Shopping Centers looks for holiday sales to increase 3 percent this year. That's worse than last year's showing when sales rose 4.1 percent.
  • Oil prices dropped as U.S. and Europe debated how to handle the debt crisis in Greece. Benchmark West Texas Intermediate crude fell $1.44 to end the day at $87.96 per barrel in New York.
  • Secretary of State Hillary Rodham Clinton says women are the great untapped resource that can help the global economy recover and expand. The U.S. and 20 other nations have pledged to try to lower barriers to women in the workforce.
     
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