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.


67° 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

January 6, 2014, 5:48 AM

Monday Morning Business Brief

The stock market is starting out 2014 on a bit of a sour note. The S&P 500 index edged a fraction of a point lower to 1,831 on Friday, beginning a year with a two-day losing streak for the first time since 2005. The Nasdaq composite also fell. It was down 11 points to 4,131. But the Dow Jones industrial average managed to gain 29 points, closing at 16,469. Futures point to a weak start today.

  • International stock markets were mostly lower today, opening the week on a cautious note ahead of the release of data from the U.S. and China that will reflect the pace of growth in the world's top two economies. Benchmark crude oil rose above $94 a barrel.
  • Two reports scheduled for release today may be of some interest to traders although they aren't likely to have a great deal of impact on the market: The Institute for Supply Management's service sector index for December; and the November factory order report from the Commerce Department  Tomorrow, the government will releases international trade data for November.
  • The Consumer Electronics Association estimates that global spending on technology will slip 1 percent this year to $1.06 trillion as the lower average selling price of smartphones and tablets offsets unit growth in markets like China. Steve Koenig, the association's director of industry analysis, issued the forecast at the opening of the annual International CES gadget show. Spending on smartphones and tablets is still expected to account for some 43 cents of every dollar spent on technology this year.
  • Britain's Treasury chief says the country still has a long way to go to eliminate the deficit and that substantial savings must be gleaned from welfare cuts. George Osborne says 2014 is to be the "year of hard truths," and that there are still big underlying problems in the economy. Osborne told autoworkers in Birmingham on Monday that billions of pounds (dollars) in welfare cuts will be needed.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Millions Of Android Phones At Risk For Heartbleed

4/15/2014 4:10 PM

If you've got an Android phone, your device could be susceptible to the Heartbleed security problem.

Full Story
Shrimp Prices Soar

4/16/2014 11:00 AM

The next time you order shrimp scampi of the menu, you may be in for sticker shock. 

Full Story
Headliners For JazzFest Announced

4/17/2014 10:54 AM

Plans are in place for JazzFest 2014 in Sioux Falls.

Full Story
Key Unlocks Gas Pumps For ID Thieves

4/14/2014 10:10 PM

Drivers who've fueled up in Rapid City are being warned that their debit and credit card numbers may have been stolen after "numerous" s...

Full Story | Watch
Harrisburg Sports Complex Nearly Complete

4/16/2014 7:15 AM

Perfect Practice Sports Academy is much bigger on the inside than what it looks like from the front doors. Soon, athletes of all a...

Full Story | Watch


Events

 
 
KELOLAND TV: 501 S. Phillips Avenue, Sioux Falls, SD 57104
Phone: 605.336.1100 · Breaking News call: 1-800-888-5356
Web Site Design and Custom Programming By: Lawrence & Schiller© 2014 KELO-TV -- KELOLAND.COM -- ALL RIGHTS RESERVED