User uShare 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.

45° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options



Share your Photos, Videos, and Stories on uShare! Click here to get started.


[0] My Saved Articles
Back to all news


Find local businesses
on the KELO Pages!


Thursday Morning Business Brief

December 12, 2013, 5:36 AM

Thursday Morning Business Brief

The stock market begins a new day after suffering its biggest loss in five weeks on Wednesday. The S&P 500 index fell 20 points, or 1.2 percent, to 1,782 yesterday -- the index's biggest decline since Nov. 7. The Dow Jones industrial average dropped 130 points, or 0.8 percent, to 15,843. And the Nasdaq composite fell 57 points, or 1.4 percent, to 4,003. Futures spoint to small gains at this morning's opening.

  • International stock markets extended losses today after an apparent budget deal in the U.S. Congress reinforced expectations the Federal Reserve will cut its monetary stimulus as early as next week. Benchmark U.S. crude oil fell to remain below $97.50 a barrel. The dollar gained against the euro and the yen.
  • The government's weekly jobless claims number will be released today. That could be a market-mover. Other reports scheduled for release include two from the Commerce Department:  One is November's retail sales data; the other is October's business inventories. Also today, Freddie Mac will release the weekly mortgage rates.
  • While foreclosures remain a concern in select states, the overall number of homes entering the path to foreclosure or repossession by lenders has fallen to levels not seen in more than six years. It's the latest sign foreclosures are becoming less of a national factor on the housing recovery. Foreclosure listing firm RealtyTrac says lenders initiated foreclosure action against 52,826 homes in November, down 10 percent from the previous month and 32 percent from November 2012.
  • Exxon Mobil says the drive for higher living standards around the world will keep demand for electricity and transportation fuels growing even as economies get more efficient and governments put a price on pollution. The company's annual long-term energy outlook predicts world energy demand will grow 35 percent by 2040. Exxon uses its outlook to shape its investments.

Previous Story

Next Story

Find Local Businesses on KELO Pages!

View business

You may also like

Large Security Threat On Internet

4/10/2014 6:00 PM

It's already being called one of the biggest security threats the Internet has ever seen.

Full Story | Watch
Titan Machinery To Close Eight Stores Across U.S.

4/11/2014 6:22 AM

The company based in West Fargo, N.D., on Thursday cited a slow recovery in construction sector among the reasons for the move, which will leave 128 p...

Full Story
Family Dollar To Cut Jobs, Close About 370 Stores

4/11/2014 5:44 AM

Family Dollar says it will be cutting jobs and closing about 370 underperforming stores as it looks for ways to improve its financial performance. It ...

Full Story
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
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


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