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.


72° 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!

 

Monday Morning Business Brief

August 20, 2012, 5:40 AM

Monday Morning Business Brief

Stocks rose slightly on Friday after positive news from retailers like Gap and Ann Inc. The Dow Jones industrial average rose 25 points to close at 13,275. The Standard & Poor's 500 index rose almost three points to close at 1,418. And the Nasdaq rose 14 points to close at almost 3,077. For the week, the Dow was up 67 points. Futures trading suggests a slightly higher opening today.

  • International stock markets fluctuated in lackluster trading today as investors remained cautious ahead of a crucial week for Greek leaders as they try to show European partners that progress is being made in implementing reforms and austerity measures. Benchmark crude oil rose to hover above $96 per barrel. The dollar fell against the euro and the yen.
  • A couple of reports on home sales are due out later this week. On Wednesday, the National Association of Realtors reports on existing home sales for July. On Thursday, the Commerce Department releases new home sales for July. Also this week, the Commerce Department releases durable goods for July on Friday. Tomorrow, the Federal Reserve releases minutes from its July interest-rate meeting.
  • Gas prices across the country continue to climb above year-ago prices, a trend that began last week after more than 100 days of holding below 2011 prices. Triple-A says the national average price for a gallon of regular gas is $3.72. This price is 5 cents more than one week ago and 29 cents more than one month ago. It's also 14 cents more expensive to pump gas than last year at this time.
  • A top European Central Bank official says the negative consequences in the rest of Europe if Greece left the eurozone would be serious. The ECB executive board member says a Greek exit would be manageable, but also very costly, with higher unemployment across the continent. The German and Greek foreign ministers meet today.

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
SD Gas Prices Jump While Nation Approaches Four-Year Low

10/21/2014 11:00 AM

Gas prices have fallen to a nearly four-year low nationwide at an average of $3.09 a gallon.  AAA South Dakota says U.S. gas prices could drop to...

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


Events