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.


43° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Friday Midday Business Brief

December 27, 2013, 9:59 AM

Friday Midday Business Brief
  • Stocks have resumed their rise on Wall Street on what is expected to be another light trading day. The Dow was up as much as 45 points in the first few minutes of trading before settling back somewhat. The S&P 500 has been slightly higher since the open, but the Nasdaq has dipped into negative territory. The blue-chip index recorded its 50th record high close of 2013 yesterday and is up more than 25 percent for the year.
  • The yield on the 10-year Treasury note has climbed above the psychologically important 3 percent mark, rising to 3.01 percent. Bond yields have steadily climbed since Dec. 18, when the Federal Reserve announced it was paring back its bond-buying economic stimulus program.
  • Oil prices are edging above $100 a barrel today. Benchmark crude for February delivery was up to $99.67 in electronic trading on the New York Mercantile Exchange.  Oil prices gained nearly 3 percent last week as optimism about the U.S. economic recovery lifted expectations for the country's energy demand. Meanwhile, AAA says the nationwide average for a gallon of regular gasoline is about $3.28.
  • General Motors shares are down today on news that the Detroit automaker and its main Chinese partner are recalling almost 1.5 million cars to replace a bracket that secures a fuel pump. China's product quality agency says the bracket might crack and in extreme cases cause a fuel leak. The recall is GM's second this year in China.
  • Global markets have been rallying today. In Europe, Germany's DAX is trading near record highs at mid-session, while the France's benchmark index was up 1.0 percent and Britain's FTSE is up 0.7 percent. In Asia, Japan's Nikkei made only a slight gain, but it's closing out a big year. Since January, the Nikkei has risen more than 50 percent.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Large Security Threat On Internet

4/10/2014 6:00 PM

It's already being called one of the biggest security threats the Internet has ever seen.

Full Story | Watch
Titan Machinery To Close Eight Stores Across U.S.

4/11/2014 6:22 AM

The company based in West Fargo, N.D., on Thursday cited a slow recovery in construction sector among the reasons for the move, which will leave 128 p...

Full Story
Heartbleed Bug Causes Major Security Headache

4/10/2014 9:33 AM

A confounding computer bug called "Heartbleed" is causing major security headaches across the Internet.

Full Story
Family Dollar To Cut Jobs, Close About 370 Stores

4/11/2014 5:44 AM

Family Dollar says it will be cutting jobs and closing about 370 underperforming stores as it looks for ways to improve its financial performance. It ...

Full Story
New Brewery Proposed In Northeast Sioux Falls

4/11/2014 8:58 AM

A new brewery is proposed for the Vance-Lantus building at 1400 E. Robur Drive, which is off of North Cliff Avenue, just north of Interstate 90 in Sio...

Full Story


Events

 
 
KELOLAND TV: 501 S. Phillips Avenue, Sioux Falls, SD 57104
Phone: 605.336.1100 · Breaking News call: 1-800-888-5356
Web Site Design and Custom Programming By: Lawrence & Schiller© 2014 KELO-TV -- KELOLAND.COM -- ALL RIGHTS RESERVED