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.


79° 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 Morning Business Brief

March 5, 2014, 5:35 AM

Wednesday Morning Business Brief

Relieved investors sent stocks sharply higher on Tuesday after Russia pulled troops back from the border of Ukraine. The rally pushed the S&P 500 up 28.18 points, or 1.53 percent, to close at 1,873.91. It was an all-time high and the biggest gain for the benchmark index since October. The Dow Jones industrial average rose 227.85 points, or 1.41 percent, to 16,395.88. The Nasdaq composite rose 74.67 points, or 1.75 percent, to 4,351.97. Futures have been little changed this morning.

  • A sense of relief over the easing of tensions between Russia and Ukraine lifted Asian stocks today, but failed to sustain gains for European markets in early trading there. Benchmark crude oil rose slightly to remain above $103 a barrel. The dollar gained slightly against the yen and was little changed against the euro.
  • There are two major economic reports due out today. The Institute for Supply Management releases its service sector index for February this morning. The last couple of readings have been above 50, indicating expansion. Then in the afternoon, the Federal Reserve releases its Beige Book survey of regional business conditions. There are also hearings on the budget and data security.
  • China's government is pledging to promote sustainable growth by opening state-dominated industries to private investment and making banks more market-oriented. Beijing also says ti wants to keep this year's economic expansion at a relatively robust 7.5 percent. China's top economic official says Beijing will promote consumer spending, ease exchange rate controls and improve access to credit for productive businesses.
  • The Supreme Court is considering whether to abandon a quarter-century of precedent and make it tougher for investors to band together to sue corporations for securities fraud. The justices hear arguments today in an appeal by Halliburton Co. that seeks to block a class-action lawsuit claiming the energy services company inflated its stock price. A group of investors says it lost money after revelations the company misrepresented revenues caused a downturn.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Sioux Falls No Longer Best Small City

7/25/2014 11:12 AM

Sioux Falls is no longer the nation's best small city for business and careers.

Full Story
Iowa Town Bracing For Closure Of Tyson Foods Plant

7/27/2014 3:31 PM

One small northwest Iowa town is preparing to deal with the loss of 450 jobs this fall when the Tyson Foods plant in Cherokee closes, and business own...

Full Story
Simply Mac Coming To Sioux Falls

7/28/2014 1:12 PM

Apple users will soon have another option for sales and service support.

Full Story
Dawley Farm Village Expands

7/25/2014 10:10 PM

If you don't live on the Sioux Falls east side, or haven't taken a drive over there lately, you may not have noticed all the new businesses.

Full Story | Watch
Sioux City Riverboat Casino Prepares For Last Day

7/30/2014 7:57 AM

The Argosy riverboat casino is preparing to take its last bets Wednesday, having told the Iowa Racing and Gaming Commission that it will close by 5 p....

Full Story


Events