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Thursday Morning Business Brief

April 26, 2012, 6:05 AM

Thursday Morning Business Brief

The Nasdaq composite index is coming off of yesterday's Apple-powered 2 percent gain. It was the technology-dominated index's best showing this year. The Dow rose 89 points, or 0.7 percent, to 13,091. The S&P gained nearly 19 points to 1,391. Futures trading suggests a slightly higher open.

  • International stock markets stalled today as profit-taking negated earlier gains that came after the U.S. Federal Reserve predicted moderate growth for the world's No. 1 economy. Benchmark crude oil rose above $104 per barrel. The dollar fell against the euro and the yen. 
  • The Labor Department today releases new claims for unemployment benefits, a weekly snapshot. Also due, the National Association of Realtors reports on March pending home sales.
  • Today is a busy day for earnings reports. That includes results due from energy giant Exxon Mobil, Chrysler, Starbucks and Amazon.com. 
  • Nintendo Co. sank into a $533 million loss for the fiscal year just ended as weak sales of the Wii home console and the strong yen eroded earnings. Kyoto-based Nintendo, once the star of video games with franchises like Pokemon and Super Mario, has seen its glory fade with the advent of smart phones that are wooing away casual gamers.

Find the latest local business news on KELOLAND's Back To Business Page.

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