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October 24, 2011 06:58 AM

Monday Morning Business Brief


Stocks have been on a good run recently, with the S&P 500 up three straight weeks. In Friday trading, the Dow rose 267 points to 11,809, a gain of 2.3 percent. The Nasdaq rose 29 to 2,637, while the S&P added 23 to 1,238.
  • There's a slow start to the week for economic data, but things get going tomorrow. That's when we'll get consumer confidence from The Conference Board and a look at home prices with the S&P/Case-Shiller index.
  • World stock markets are up, buoyed by resilient economic indicators from Asia's two biggest economies and hopes of progress in resolving Europe's debt crisis. Oil prices are above $88 a barrel. The dollar is down against the euro but up against the yen.
  • A quarterly survey by the National Association for Business Economists shows a bleaker view of the economy. Fewer companies expect to hire new workers in coming months. And most experts surveyed think the economy to grow at a meager 2 percent or less over the next 12 months.
  • Wal-Mart is trying something new to lure holiday customers. Shoppers who buy a product from Wal-Mart's website or in its stores, but then find the identical product for less at a rival store will receive a gift card for the price difference. The offer runs from Nov. 1 to Dec. 25.
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