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January 31, 2012 06:06 AM

Tuesday Morning Business Brief


U.S. stocks recovered Monday from their worst showing of the session. The Dow dropped 7 points to finish at 12,654, for a drop of 0.1 percent. The S&P 500 dropped 3 points to 1,313.
The Nasdaq composite slipped 5 points to 2,812. Futures trading suggests a higher open today.
  • International stock markets rose today as traders watched for a possible deal to cut Greece's debts and Japanese factory output rebounded. Benchmark crude oil rose above $99 per barrel while the dollar fell against the euro and was unchanged against the yen.
  • Official figures show that unemployment continues to plague the 17-nation eurozone. The eurozone ended 2011 with unemployment at 10.4 percent, a new record high for the single currency since its launch at the start of 1999.
  • On today's economic calendar, Standard & Poor's releases the S&P/Case-Shiller home price index for November. Also, the Conference Board releases the Consumer Confidence Index for January. Also today, a Senate panel holds a hearing on the Consumer Financial Protection Bureau, with Director Richard Cordray.
  • Battered by the strong yen and supply disruptions from Thailand's floods, Honda says its net earnings in the October-December quarter tumbled 41 percent to $625 million and projected a sharply lower full-year profit. Honda had just begun to recover from the March earthquake and tsunami when Thailand's worst floods in 50 years swamped its vehicle assembly plant north of Bangkok.
  • Business
  • Economy/Stocks
  • Employment
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