Back to: Your Money Matters
July 03, 2012 05:47 AM

Tuesday Morning Business Brief

Wall Street revs up today, only to take tomorrow off as a holiday. In Monday trading, the Dow was down 9 points, or 0.1 percent, to 12,871. The S&P 500 added 3 points, or 0.3 percent, to 1,366. The Nasdaq composite index rose 16 points, or 0.6 percent, to 2,951.23. Futures trading suggests a lower open for the half-day trading session today.

  • International stock markets rose today amid expectations policymakers will implement stimulus measures to help spur weak global growth. Benchmark crude oil rose above $84 a barrel. The dollar fell against the euro and rose against the yen.
  • On today's economic calendar, the Commerce Department releases May factory orders.  Automakers are to report June sales numbers, thought to be up substantially from a year earlier.
  • A detailed annual study of airline sales trends from Boeing views Asia as the strongest growth market in the next two decades. Boing predicts that the world's airlines will buy 34,000 new airplanes over the next 20 years, driven by strong growth in China, India, and other emerging markets. That's more than $4 trillion worth of business.
  • The oldest and largest refinery on the East Coast will stay open thanks to a deal between Sunoco and the private equity firm The Carlyle Group. The two groups have agreed to terms on a joint venture which will make a substantial investment in the facility. The deal preserves 850 jobs and expects to eventually add 200.
  • Business
  • Economy/Stocks

Keloland Live Doppler

Sioux Falls, SD - Change