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.


69° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Thursday Morning Business Brief

February 6, 2014, 5:39 AM

Thursday Morning Business Brief

One analyst commenting on the stock market says "This is about as flat as it gets." Rex Macey, chief investment officer of Wilmington Trust Investment Advisors, describes it as "a market looking for direction." Investors are concerned about the strength of the economic recovery. The Dow fell five points yesterday. The S&P 500 slipped 3 ½. The Nasdaq dropped 20. Futures point to slight gains at this morning's opening.

  • International stock markets advanced cautiously today but Australia's exchange and currency jumped after encouraging economic data there. Most investors are waiting for key policy meetings in Europe and a major U.S. job report. The dollar slipped against the yen and edged up against the euro. Benchmark U.S. crude oil rose above $97.50 a barrel.
  • The government releases the closely watched weekly jobless claims number today. It also issues fourth-quarter productivity data and international trade data for December. Freddie Mac reports weekly mortgage rates. And chain retailers release January sales comparisons. There are quarterly earnings reports from Sony, Aetna, General Motors, 21st Century Fox, Philip Morris International and Kellogg before the market opens. After the close, it's results from News Corp. and Linkedin.
  • Tomorrow's scheduled employment report from the government is getting some extra attention amid worries about an economic slowdown. Stock markets have sunk after signs of weaker growth in the United States, Europe and China. But experts say there's a downside: The numbers may be distorted by recent bad weather and the end of extended unemployment benefits in December.
  • The 24-member governing council of the European Central Bank is meeting today in Frankfurt and will weigh conflicting signals from the economy as it considers whether to cut interest rates again for the 18-country euro bloc. A number of economists think it will hold off cutting rates or taking other measures that might stimulate the economy, which is growing more slowly than people would like.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

PREMIER Bankcard Lawsuit Comes Down To Link

8/22/2014 10:00 PM

$5 million: that's the price tag on a lawsuit filed by a South Dakota credit card company, First PREMIER/PREMIER Bankcard against a credit card co...

Full Story | Watch
Single-Screen Theater Closed After Four Decades

8/23/2014 12:33 PM

A single-screen movie theater in Vermillion has closed after serving the area for more than four decades.

Full Story
Sioux Falls Store Included In UPS Breach

8/21/2014 1:53 PM

If you used a credit or debit card at a UPS Store in the last seven months, some of your personal information could be a risk.  

Full Story
Woman-Owned Highway Construction Company

8/21/2014 10:05 PM

There are nearly eight million women owned businesses in the U.S.  But only eight percent of construction businesses are owned by women. 

Full Story | Watch
Napa Winery With SF Ties Recovers From Earthquake Damage

8/24/2014 6:35 PM

A Napa Valley winery with Sioux Falls ties received damage from the largest earthquake to hit the bay area in 25 years.

Full Story


Events