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July 16, 2013 05:32 AM

Tuesday Morning Business Brief

The Dow and the S&P 500 again start from new highs this morning. Stocks edged higher Monday, with the Dow gain 20 points to close at 15,484.26. The S&P 500 rose 2.31 points to 1,682.50. The index is up 4.8 percent so far this month. The Nasdaq composite rose 7.41 points to 3,607.49.

  • Today's economic reports offer fresh data on inflation, manufacturing and housing. The Labor Department releases its Consumer Price Index for June this morning, followed by the Federal Reserve's figures on industrial production in June, and the National Association of Home Builders releases its housing market index for July.
  • The price of oil stayed near $106 a barrel Tuesday as energy markets waited for the next U.S. report on crude and fuel inventories for confirmation of recent signs of increased demand. Benchmark crude for August delivery was down 35 cents at $105.97 a barrel at midafternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract gained 37 cents to settle at $106.32 yesterday.
  • Unions opposing austerity measures in Greece are staging their fourth general strike this year as the government prepares to start axing public sector jobs.   Tuesday's walkout is disrupting flights, public transport, state hospitals and other services, while demonstrations are planned throughout the day. The public sector has so far been spared from the job cuts that have hit the rest of the Greek economy since the country got its first international bailout in 2010.
  • Yahoo has won a court fight that could help the public learn more about the government's efforts to obtain data from Internet users. The U.S. Foreign Intelligence Surveillance Court, which reviews government requests to spy on individuals, ruled yesterday that information should be made public about a 2008 case that ordered Yahoo Inc. to turn over customer data. The order requires the government to review which portions of the opinion, briefs and arguments can be declassified and report back to the court by July 29.
  • Business
  • Economy/Stocks
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