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.


31° 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!

 

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

Alco To Close Stores Across South Dakota

11/21/2014 2:03 PM

Several South Dakota cities will soon have one less store.

Full Story
Vern Eide Pays It Forward For Thanksgiving

11/22/2014 6:34 PM

Closer to home, families are out buying turkeys as we are less than a week away from Thanksgiving.

Full Story
Chris Tomlin & Rend Collective Coming To PREMIER Center

11/25/2014 11:04 AM

Some of the biggest names in Contemporary Christian music are coming to the Denny Sanford PREMIER Center.

Full Story
Downtown Delicatessen Ready To Reopen

11/25/2014 2:20 PM

A downtown Sioux Falls delicatessen will re-open just in time for the holidays.

Full Story
Some Online Shoppers Pay More Than Others

11/26/2014 9:57 PM

A lot of people will chose to skip the lines on Black Friday and opt for Cyber Monday to order their gifts online. 

Full Story | Watch


Events