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.

64° 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!


Wednesday Morning Business Brief

March 19, 2014, 5:33 AM

Wednesday Morning Business Brief

Investors are hoping Wall Street will continue to recover today following its biggest weekly drop in almost two months. Stocks got a boost yesterday, with the Dow Jones Industrial average gaining 88.97 points, or 0.6 percent, to 16,336.19. The S&P 500 rose 13.42 points, or 0.7 percent, to 1,872.25. And the Nasdaq climbed 53.36 points, or 1.3 percent, to 4,333.31. Futures point some gains at this morning's opening.

  • International stock markets were subdued today ahead of the outcome of the Federal Reserve's first policy meeting under its new chief. Most analysts expect the Fed to continue to reduce its monetary stimulus at the speed it has already set. Benchmark U.S. crude oil slipped to just above $99.50 a barrel. The dollar gained against the euro and the yen.
  • It's an important day for investors who will get their first hints about how the Federal Reserve will do business with Janet Yellen at the helm. Of particular interest will be hints about what Yellen might do differently than her predecessor, Ben Bernanke. The Fed wraps up its first regular meeting with Yellen as chairwoman today.
  • Besides the wrap-up of the Federal Reserve's two-day meeting, the day includes some economic and earnings data. This morning, the Commerce Department releases current account trade measure for the fourth quarter. And FedEx will report quarterly financial results before the market opens.
  • The Wall Street Journal is reporting the U.S. Justice Department may reach a $1 billion settlement with Toyota Motor Corp., ending a four-year criminal investigation into the Japanese automaker's disclosure of safety problems. Toyota declined comment today on the report which cited unnamed sources who said a settlement still could fall apart. Toyota said it is cooperating with the U.S. Attorney's office.

Previous Story

Next Story

Find Local Businesses on KELO Pages!

View business

You may also like

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
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
New Fitness Center Opening In Sioux Falls

7/30/2014 5:41 PM

If you enjoy kickboxing, you'll soon have another option in Sioux Falls.

Full Story
New Hotel Coming To Southwest Sioux Falls

7/31/2014 12:01 PM

Sioux Falls is getting a new $5.6 million hotel. A new Towneplace Suites is planned for 6400 S. Connie Avenue, directly north of Krav'n Restaurant...

Full Story