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.


41° 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 Morning Business Brief

June 6, 2014, 5:33 AM

Friday Morning Business Brief
NEW YORK -

Traders are hoping the stock market continues to climb today. New steps from the European Central Bank to revive the eurozone's economy gave markets a lift yesterday. The S&P 500 rose 12 1/2 points to close at 1,940. The Dow Jones industrials were up 98 1/2 points to 16,836. Both the S&P and Dow are at record-high levels. The Nasdaq gained 44 ½ points to 4,296. Futures point to a higher opening today.

  • European stocks edged higher a day after the European Central Bank unveiled new measures to boost economic growth but other benchmarks struggled Friday as investors awaited the U.S. jobs report for May. Most Asian benchmarks ended lower. The dollar strengthened against the euro and slipped against the yen Benchmark crude oil slipped but remained above $102 a barrel.
     
  • Wall Street has been waiting for the monthly jobs report and today is the day. The Labor Department will report May's employment data this morning. This afternoon, the Federal Reserve will release consumer credit data for April.
     
  • The government reports May employment figures today and they could bolster optimism about an economic rebound. FactSet reports economists predict employers added 220,000 jobs in May, in line with this year's monthly average. They also predict the unemployment rate rose to 6.4 percent from 6.3 percent, mostly because more people are actively seeking work.
     
  • The World Bank and the International Monetary Fund are urging China to focus on controlling risks from rapidly rising debt due to its reliance on credit-fueled growth. The comments today add to warnings by private sector analysts that China's run-up in debt, especially since the 2008 global crisis, could lead to financial problems and disrupt economic growth that already is slowing. The World Bank says Beijing should pay close attention to rising credit and reduce debts owed by local governments.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Valentino's Restaurant For Sale

10/20/2014 12:18 PM

Prime real estate on 41st Street in Sioux Falls is for sale. Valentino's Restaurant at 41st Street and Western Avenue has been listed for $1.35 mi...

Full Story
Long John Silver's Closes, Building For Sale

10/20/2014 12:31 PM

A longtime fast food option in Sioux Falls, the Long John Silver's restaurant is closing after more than 30 years in business. 

Full Story
Pierre Woman Wins On In-Flight Game Show

10/17/2014 12:10 PM

A South Dakotan is a winner on the Allegiant Airlines' first in-flight game show called "The Game Plane."  The reality show is film...

Full Story
Pop-Up Holiday Shop Coming to Downtown Sioux Falls

10/15/2014 11:45 AM

Unglued: Christmas Market, will open in the space formerly occupied by the Book Shop in the Carpenter Building on Phillips Avenue from Nov. 20 through...

Full Story
Ebola Scams Surface

10/17/2014 2:15 PM

It was only a matter of time before scammers started capitalizing on the Ebola scare.  The Better Business Bureau is warning consumers about a va...

Full Story


Events