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Monday Morning Business Brief

September 17, 2012, 5:53 AM

Monday Morning Business Brief

The Dow stands at its highest level since before the financial crisis, in November 2007. In the latest session, the Dow added 54 points to 13,593. The S&P 500 gained 6 to 1,466. That's 1000 points below its all-time high. The Nasdaq was up 28 points to 3,184. It has been trading at its highest levels since 2000. Futures trading suggests a lower opening.

  • International stock markets were muted today as the luster wore off from the Federal Reserve's announcement last week of new measures to energize the U.S. economy. Benchmark crude oil fell below $99 a barrel. The dollar rose against the euro and the yen.
  • Some of this week's economic data zeroes in on the housing market. We'll get reports on housing starts and sales of previously-owned homes.
  • Senior administration officials say President Barack Obama will announce a new trade enforcement case against China today, targeting Chinese subsidies for automobiles and automobile parts. He'll be speaking in Ohio, a state with a large manufacturing base.
  • Motorists may have to wait a little longer for lower gasoline prices. Triple-A says gas prices are up 16 cents from a month ago and 24 cents from a year ago.

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