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.


78° 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!

 

Wednesday Business Brief

April 30, 2014, 6:08 AM

Wednesday Business Brief

Wall Street trading begins on a high note today following yesterday's gains. The S&P 500 rose 8.90 points, or 0.5 percent, to 1,878.33. The index is 12 points below its record high of 1,890.89 set April 2. The Dow Jones industrial average climbed 86.63 points, or 0.5 percent, to 16,535.37. And the Nasdaq composite gained 29.14 points, or 0.7 percent, to 4,103.54. Futures point to a lackluster opening this morning.

  • International stock markets were mixed today as investors looked ahead to a U.S. Federal Reserve meeting after Japan's central bank left monetary policy unchanged despite signs of weaker economic growth. Benchmark crude oil fell but remains above $100 a barrel. The dollar slipped against the yen and was flat against the euro.
  • Analysts expect a dreary report this morning when the government issues its first estimate of how fast the U.S. economy grew in the January-March quarter. Brutal weather kept consumers and businesses in hibernation for much of the winter and economists says that likely slowed growth to a scant annual pace of just 1.1 percent, but there are signs of future improvement as well. The Federal Reserve wraps up its policy meeting today.
  • Japan's central bank has kept its ultra-loose monetary policy unchanged despite signs that growth was moderating even before a recent sales tax hike. The Bank of Japan ended a policy meeting today by saying it will maintain its current pace of asset purchases. The action was expected.
  • Senate Democrats are hoping to turn an expected defeat today in a vote on increasing the federal minimum wage into ammunition against Republicans in the November mid-term elections. Democrats hope to convince voters it's evidence that the GOP isn't interested in protecting financially struggling families. Republicans say the wage proposal will cost jobs.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Fruit From Walmart And Costco May Be Contaminated

7/22/2014 11:23 AM

A Central California company has issued a voluntary nationwide recall of specific lots of its fresh peaches, plums, nectarines and pluots over concern...

Full Story
First DTSF Incubator Store Open For Business

7/23/2014 6:30 AM

605 Running Co., 124 S. Phillips Avenue, just opened its doors on Friday. It's a big grand opening for the store, but also for Downtown ...

Full Story | Watch
Third Walmart Preparing To Open In Sioux Falls

7/22/2014 6:10 PM

Sioux Falls latest Walmart store is preparing to open in just a few weeks.

Full Story
Lance Armstrong Is Grand Marshal For Sturgis Ride

7/21/2014 3:02 PM

Dethroned cyclist Lance Armstrong has been named the official grand marshal of the mayor's ride to kick off the Sturgis Motorcycle Rally.

Full Story
New Mortgage Rules

7/16/2014 10:10 PM

This year, new mortgage rules went into effect to protect homeowners who are struggling. Potential buyers are also required to get education before en...

Full Story | Watch


Events