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.


82° 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




Sponsored

 


View business

You may also like

Allegiant Air Pilot Pleads With Tower To Make Emergency Landing

7/29/2015 1:58 PM

An Allegiant Airlines pilot declared a fuel emergency and had to land at a North Dakota airport even though the airport was closed for the Blue Angels...

Full Story
Lick The Spoon Closes East Side Location

7/29/2015 9:53 AM

Just a year after opening on East 10th Street and Bahnson Avenue in Sioux Falls, Lick The Spoon restaurant has closed its doors.  Angela Becker o...

Full Story
Filly Flair Set To Open Sioux Falls Store On Saturday

7/30/2015 5:18 PM

A successful online retailer is opening her first brick and mortar shop in Sioux Falls.

Full Story
Famous Wine Maker Planning Sioux Falls Development

7/29/2015 1:00 PM

Barber tells KELOLAND News while the plans still have yet to be finalized, they call for a couple of apartment buildings with eight to 12 units, as we...

Full Story
Fiat Chrysler To Pay Record Recall Fine

7/27/2015 9:32 AM

The settlement also forces the car maker to repurchase more than half a million Ram pickup trucks built between 2008 and 2012 because defective steeri...

Full Story


Events