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.


76° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Friday Morning Business Brief

June 27, 2014, 5:59 AM

Friday Morning Business Brief

Investors just aren't seeing enough reason to push the stock market higher. Banks and other financial firms pulled the stock market down a little yesterday. The S&P 500 index lost two points, to close at 1,957. The Nasdaq composite index slipped less than a point to 4,379. And the Dow Jones industrial average declined 21 points to close at 16,846. Futures point to lower opening.

  • International stock markets were mixed this morning with Asian stocks slumping while European exchanges were higher in early trading after reports showed weak U.S. consumer spending and slowing Chinese industrial profit growth. The dollar slipped against the yen and the euro. Benchmark crude oil inched up but remained below $106 a barrel.
     
  • The University of Michigan will issue its index of consumer sentiment for June this morning. Last month, the index showed confidence fell as Americans grew more pessimistic about future pay increases, though they remained optimistic about the economy. The index for May fell to 81.9 from 84.1 in April.
     
  • Alibaba is going to list its shares on the New York Stock Exchange. The Chinese e-commerce company disclosed in a regulatory filing that its shares will be listed under the ticker symbol "BABA."  Alibaba is expected to go public in late summer or early fall. Analysts say it could surpass Facebook's $16 billion IPO to become the largest offering ever for a tech company.
     
  • Ukraine has strengthened ties with the European Union by signing a trade and economic deal. President Petro Poroshenko says it may be the "most important day" for his country since it became independent from the former Soviet Union. Ukrainian businesses whose goods and practices meet EU standards will be able to trade freely in any EU country without tariffs or restrictions. Likewise, EU goods and services will be able to sell more easily and cheaply in Ukraine.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Iowa Town Bracing For Closure Of Tyson Foods Plant

7/27/2014 3:31 PM

One small northwest Iowa town is preparing to deal with the loss of 450 jobs this fall when the Tyson Foods plant in Cherokee closes, and business own...

Full Story
Simply Mac Coming To Sioux Falls

7/28/2014 1:12 PM

Apple users will soon have another option for sales and service support.

Full Story
Dawley Farm Village Expands

7/25/2014 10:10 PM

If you don't live on the Sioux Falls east side, or haven't taken a drive over there lately, you may not have noticed all the new businesses.

Full Story | Watch
Sioux City Riverboat Casino Prepares For Last Day

7/30/2014 7:57 AM

The Argosy riverboat casino is preparing to take its last bets Wednesday, having told the Iowa Racing and Gaming Commission that it will close by 5 p....

Full Story
New Fitness Center Opening In Sioux Falls

7/30/2014 5:41 PM

If you enjoy kickboxing, you'll soon have another option in Sioux Falls.

Full Story


Events