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.


47° 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!

 

Tuesday Morning Business Brief

February 4, 2014, 5:38 AM

Tuesday Morning Business Brief

Investors are hoping that the Dow will start to pull out of its February slump today. Yesterday, the Dow Jones industrial average dropped 326 points after reports of sluggish U.S growth added to investor worries about the global economy. It was the biggest one-day decline for the blue-chip index in more than seven months. The Dow closed yesterday at 15,372.80. The S&P 500 lost 40.70 points, or 2.3 percent, to 1,741.89. The Nasdaq composite dropped 106.92 points, or 2.6 percent, to 3,996.96. Futures point to gains at this morning's opening.

  • Japan's Nikkei 225 stock average dived more than 4 percent today as weakness in U.S. and Chinese manufacturing sent international stock markets sharply lower. Early European trading mirrored the slide in Asia. Benchmark U.S. crude oil rose above $96.50 a barrel. The dollar gained against the euro and the yen.
  • The Commerce Department's report on factory orders for December is the only major piece of U.S. economic data expected today. As for corporate earnings, Panasonic reports quarterly financial results before the market opens.
  • U.S. companies are reporting strong profits for the fourth quarter of last year. But most are failing to impress investors who were hoping for even more and are too worried about larger global economic forces to do much buying. With results in from half of the companies in the S&P 500 index, fourth-quarter earnings are up a respectable 7.3 percent. Of the 250 companies that have reported results, 172 have beaten expectations and 51 have fallen short, a better ratio than average. It hasn't been enough to keep stock markets from sliding.
  • The finger-pointing is on between banks and big retailers in the wake of the Target data breach. At issue: Which industry bears more responsibility for protecting consumers? The retailers say banks must upgrade their credit card security technology. The banks say that wouldn't have helped in the Target breach and retailers need to tighten their card processing security.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

National Pizza Franchise Coming To Sioux Falls

4/22/2014 4:24 PM

The South Dakota franchise owner of Marco's Pizza plans to open a third location in Sioux Falls at 5007 S. Louise Avenue, next to Noodles &am...

Full Story
Headliners For JazzFest Announced

4/17/2014 10:54 AM

Plans are in place for JazzFest 2014 in Sioux Falls.

Full Story
It Looks Like A Credit Card, But It's Not

4/22/2014 10:01 PM

Small businesses often are short on cash or credit and in need of funding.  A California company is offering local businesses financing through t...

Full Story | Watch
Eric Church Concert Near-Sellout Within Minutes

4/18/2014 5:55 PM

The first ticket sale to an event at the new Denny Sanford PREMIER Center proved to be a boon at the box office Friday

Full Story | Watch
City Of Worthington: Dilapidated Mall Is Due To Neglect From Ownership

4/21/2014 10:07 PM

The Northland Mall has been a mainstay in the Worthington community for over 35 years. The dilapidated shopping center has a leaky roof, which could l...

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