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.


44° 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

June 2, 2014, 6:01 AM

Monday Morning Business Brief
NEW YORK -

It's a new week of trading and a new month. Two out of the three major U.S. stock indexes are at record highs. The Dow reached 16,717 on Friday and the S&P 500 closed at 1,923. May was the best month for investors since February. The S&P rose 2.1 percent for the month, while the Dow rose 0.8 percent and the Nasdaq rose 3.1 percent. Futures point to some gains this morning.

  • Asian stock markets advanced today after two Wall Street benchmarks hit record highs and investors waited for a U.S. jobs report later in the week. But the upbeat trend was carried over only marginally to the European markets where France's exchange fell in early trading. Benchmark U.S. crude oil rose above $103 a barrel. The dollar gained against the euro and the yen.
     
  • There are two bellwether reports scheduled for release today. The Institute for Supply Management will issue its manufacturing index for May and the Commerce Department will report April's construction spending numbers. Tomorrow, the government will release factory orders for April and automakers will report last month's vehicle sales.
     
  • The Obama administration will unveil a plan today to cut earth-warming pollution from power plants by 30 percent by 2030. The regulation, when it becomes final a year from now, will set the first-ever national limits on the gases linked to global warming from the nation's power plants. They're the largest source of greenhouse gases.
     
  • A state-sanctioned industry group says Chinese manufacturing grew for the third consecutive month in May, suggesting a slowdown in the world's second-largest economy is stabilizing. The China Federation of Logistics and Purchasing says that its monthly purchasing managers index rose to 50.8 points in May on a 100-point scale. Numbers above 50 show activity expanding. That was up from April's 50.4 points.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Valentino's Restaurant For Sale

10/20/2014 10:50 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

10/17/2014 10:50 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
Three Sushi Restaurants Close After Owners Dispute

10/17/2014 10:50 PM

Your options for sushi in Sioux Falls have just been cut by three. The restaurants mysteriously shut down this week, leaving customers and employees a...

Full Story | Watch
Three Sushi Restaurants Suddenly Close In Sioux Falls

10/17/2014 10:50 PM

Three sushi restaurants have all closed for business in Sioux Falls.

Full Story
Pierre Woman Wins On In-Flight Game Show

10/17/2014 10:50 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


Events