Back to: Your Money Matters
August 16, 2012 05:35 PM

Thursday Evening Business Brief

Stocks found some traction moving higher today, propelling the major stock averages to near four-year highs. With a gain of 10 points, the benchmark S&P 500 rose to 1,416. The Dow was up 85 points to 13,250. The Nasdaq surged 31 to 3,062.

  • Retail parent Gap reports a 28 percent increase in quarterly profit. The company, which operates stores under its namesake as well as Old Navy, Banana Republic and Athleta, also raised its full-year profit guidance, although it's still below what Wall Street analysts have been looking for.
  • It wasn't what builders were doing in July that caught analysts' attention today, it is what they plan. Building permits for future construction rose last month to their highest level in nearly four years.
  • Benchmark oil for September delivery rose $1.27 to settle at $95.60 per barrel in New York. It has risen nearly 3 percent since last Friday.
  • It was intended for making hot sauce. More than 100 employees at the FedEx hub in Memphis were treated at the scene after a forklift punctured a barrel of concentrated chili pepper extract. Memphis fire officials say the five-gallon container was damaged outside the building and 117 employees were being evaluated and decontaminated.
  • Business
  • Economy/Stocks

Keloland Live Doppler

Sioux Falls, SD - Change