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.

36° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options




[0] My Saved Articles
Back to all news


Find local businesses
on the KELO Pages!


Tuesday Morning Business Brief

July 15, 2014, 5:35 AM

Tuesday Morning Business Brief

Investors are apparently putting last week's stock market doldrums behind them. The three major indexes finished sharply higher on Monday, notching their second gain in two days. The S&P 500 rose 9 1/2 points to 1,977. The Dow Jones industrial average added nearly 112 points to 17,055. The Nasdaq composite gained 25 to 4,440. The indexes are all up for the year. Futures point to an uncertain opening this morning.

  • European stock markets were mostly lower in early trading today.  Asia had a strong day on hopes for encouraging economic data from China. China, the world's No. 2 economy, is due to report its second quarter GDP tomorrow. U.S. Federal Reserve Chair Janet Yellen is expected to stick to a stance of keeping interest rates low during testimony in Congress this week. Benchmark U.S. crude oil fell under $101 a barrel. The dollar fell against the yen and gained against the euro.
  • The government today will release retail sales data for June and business inventories for May. JPMorgan Chase and Goldman Sachs will report earnings before the market opens, as will Johnson & Johnson. CSX and Yahoo will release quarterly financial results after the closing bell.
  • Lawmakers are expected to press Federal Reserve Chairwoman Janet Yellen for more information today on how the central bank plans to react to recent good news about the improving health of the labor market. Yellen is scheduled to deliver the Fed's twice-a-year report to Congress on interest-rate policy and the economy. She testifies before a Senate committee today and a House panel tomorrow.
  • The Consumer Financial Protection Bureau is suing a major debt collection law firm, alleging it is a "mill" that produces shoddy, mass-produced credit-card collection lawsuits. The bureau's claim was filed in federal court in Atlanta on Monday and states that Frederick J. Hanna & Associates failed to do basic due diligence on the accuracy of suits over defaults. The firm denies the accusations.

Previous Story

Next Story



View business

You may also like

Avera To Purchase DAKOTACARE

11/19/2015 11:00 AM

With ownership, Avera would become the second-largest health insurer in the state.

Full Story
Board Of Education Member Had Multiple Contracts With State

11/23/2015 6:05 PM

That means in addition to her state salaries at USD and Northern State, Duncan earned an additional $124,000 in contracts from the Department of Educa...

Full Story | Watch
Fired GEAR UP Worker Defends Stacy Phelps

11/24/2015 6:05 PM

When the state pulled its multi-million dollar GEAR UP contract from Mid Central Educational Co-Op in September, all the current GEAR UP workers were ...

Full Story | Watch
Black Friday Shopping Starting on Thanksgiving

11/21/2015 5:43 PM

As more stores announce their Black Friday hours, the times are getting earlier and could even cut into your Thanksgiving meal.

Full Story
Some Black Friday Deals Are Not Deals

11/23/2015 4:51 PM

Recent research found just because something is called a doorbuster doesn't mean it's significantly discounted.

Full Story