User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


74° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

KELOLAND.com | Sioux Falls News & Weather, South Dakota News & Weather, Minnesota and Iowa News

[0] My Saved Articles
Find local businesses
on the KELO Pages!

 

Afternoon Business Brief

April 18, 2011, 1:42 PM

Afternoon Business Brief
Stocks have dropped sharply after Standard & Poor's issued a warning about U.S. debt, citing mounting budget deficits. Also, more bad news about Europe's debt crisis has weighed on financial markets. Both the Dow and the S&P fell to their lowest levels in more than a month.
  • The White House is downplaying the significance of a credit rating agency's decision to downgrade its outlook on U.S. government debt. White House spokesman Jay Carney says Standard & Poor's action is a welcome call for a bipartisan agreement to reduce the deficit.
  • Homebuilders are more pessimistic about the housing market this month. The National Association of Home Builders index fell back down to 16.
  • Oil prices have dropped more than 2 percent today. Benchmark West Texas Intermediate crude was down more than fell $2 to $107.06 per barrel in midday trading on the New York Mercantile Exchange.
  • Government bond prices are rising even after Standard & Poor's warned that it could downgrade U.S. debt in the next two years. The yield of the 10-year slipped to 3.38 percent from 3.41 percent late Friday.

Previous Story

Next Story




Sponsored

 


You may also like

Mitchell Man Killed In Officer-Involved Shooting

9/4/2015 9:40 AM

During a struggle, Officer Russ Stevenson shot and killed armed suspect 37-year-old Curtis James Meyer.

Full Story
Authorities Searching For Attempted Abduction Suspect

8/31/2015 5:34 AM

Deuel County Emergency Management said the girl was able to escape when a man attempted to take her.

Full Story
Incident In Yankton Under Investigation

9/2/2015 4:10 AM

The parking lot of Ferdig's Transmissions & Exhaust appears to be a focus of the investigation.  A mobile command post is set up at the s...

Full Story
Domestic Disturbance Led To Officer-Involved Shooting

9/2/2015 9:58 AM

The South Dakota Attorney General's office said Yankton Police Sgt. Jason Foote shot Trae Allen Angel in a downtown alley.

Full Story
2 Praying Mantises Found In Aberdeen

8/31/2015 6:57 AM

Alyssa Anderson, an assistant professor of biology at Northern State University, says mantises are not native to this area, and how they got to Aberde...

Full Story


Events