User uShare 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.

52° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options



Share your Photos, Videos, and Stories on uShare! Click here to get started. | Sioux Falls News & Weather, South Dakota News & Weather, Minnesota and Iowa News

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


Monday Evening Business Brief

August 22, 2011, 4:46 PM

Monday Evening Business Brief
Stocks posted modest gains to begin the week. The Dow Jones industrial average, which was up as many as 200 points during the session, gained 37 to close at 10,854. The Nasdaq rose four points to 2,345, and the S-and-P 500 was up fractionally at 1,124.
  • Gold prices continued to climb on concerns about what's ahead for the global economy. The price of an ounce of gold rose $39.80 on the New York Mercantile Exchange, to $1,888.80 an ounce.
  • The dollar traded in a tight range ahead of a key speech later this week by Federal Reserve Board Chairman Ben Bernanke. Analysts say traders are waiting to see if he hints at any new steps to boost the lagging economy.
  • Oil prices were mixed worldwide as analysts pondered how long it will be before Libya begins producing crude again. The price rose $1.86 to $84.12 a barrel on the New York Mercantile Exchange. This came after a 26 cent drop in European trading. Traders who play the international oil markets, anticipating that the price of european crude would keep falling, wanted more U.S. oil.
  • IPOs are MIA. The double digit drop in the major stock indexes has prompted 17 companies to scrap plans for initial public offerings this month. That's the most in more than two and a half years. There have been only four IPOs this month.

Previous Story

Next Story



You may also like

Helicopter Crash Near Parkston Under Investigation

10/5/2015 11:25 AM

Emergency crews responded to a helicopter crash near Parkston Monday morning. 

Full Story
Bosworth's Husband Facing Felony Charges

10/5/2015 10:50 AM

The husband of former GOP U.S. Senate Candidate Annette Bosworth now faces felony charges.

Full Story
Fishermen Find Body Of Sioux Falls Man In Oakwood Lake

10/6/2015 12:30 PM

The Brookings County Sheriff's Office says the body of 73-year-old Martin Jepson was found floating in the lake around 2:30 p.m. Monday.

Full Story
Huron Man Killed In Motorcycle-Semi Collision

10/3/2015 1:51 PM

A Huron man was killed in a crash on US Highway 14 Friday afternoon.

Full Story
Mitchell Superintendent Defends 'Second Job'

10/5/2015 10:02 PM

Our KELOLAND News investigation revealed some of the problems surrounding the multimillion dollar GEAR UP grant that caused the state to end its partn...

Full Story | Watch