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.


66° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Thursday Morning Business Brief

June 28, 2012, 5:52 AM

Thursday Morning Business Brief

Stocks went up after a rare dose of good news about the U.S.  economy yesterday. The National Association of Realtors said Americans signed more contracts to buy previously occupied homes in May. And the government reported that businesses placed more orders for long-lasting manufactured goods in May. The Dow Jones industrial average closed up 92 points at 12,627. The S&P 500 index added 12 to 1,331. The Nasdaq gained 21 to 2,875. Futures trading suggests a mixed open.

  • International stock markets mostly sank today as European leaders prepared for yet another powwow in Brussels to discuss how to tame a spiraling debt crisis. A few Asian markets posted gains after positive housing and manufacturing reports out of the U.S. yesterday. Benchmark crude oil fell to below $80 per barrel. The dollar rose against the euro and fell against the yen.
  • Traders will no doubt be waiting for several announcements out of Washington today. The Commerce Department will report on the first-quarter gross domestic product this morning, and the Labor Department will release weekly jobless claims. Freddie Mac has its weekly update on mortgage rates. And the Supreme Court is expected to make its ruling today on the health care law.
  • European leaders gathering today in Brussels are set to sign off on a series of measures to boost economic growth but expectations of a breakthrough on the pooling of debt have fallen by the wayside. Germany's Chancellor Angela Merkel, who has resolutely opposed the issuing of mutual debt, is the woman to watch - or fear, or confront - at the two-day summit. Many leaders have backed the idea of Eurobonds but Merkel has been reluctant to expose her country to new potential costs.
  • Congressional leaders are aiming for final passage by week's end of legislation reshaping federal transportation programs and preventing a doubling of interest rates for millions of new student loans. Without action by Saturday, federal authority to conduct road, mass transit and other transportation programs would end, along with the government's ability to collect gasoline and diesel taxes that fund most of those programs.

Visit our KELOLAND Back To Business page for your latest local business news.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Three Sushi Restaurants Close After Owners Dispute

10/22/2014 10:05 PM

Your options for sushi in Sioux Falls have just been cut by three. The restaurants mysteriously shut down this week, leaving customers and employees a...

Full Story | Watch
Valentino's Restaurant For Sale

10/20/2014 12:18 PM

Prime real estate on 41st Street in Sioux Falls is for sale. Valentino's Restaurant at 41st Street and Western Avenue has been listed for $1.35 mi...

Full Story
Three Sushi Restaurants Suddenly Close In Sioux Falls

10/22/2014 4:45 PM

Three sushi restaurants have all closed for business in Sioux Falls.

Full Story
Long John Silver's Closes, Building For Sale

10/20/2014 12:31 PM

A longtime fast food option in Sioux Falls, the Long John Silver's restaurant is closing after more than 30 years in business. 

Full Story
SD Gas Prices Jump While Nation Approaches Four-Year Low

10/21/2014 11:00 AM

Gas prices have fallen to a nearly four-year low nationwide at an average of $3.09 a gallon.  AAA South Dakota says U.S. gas prices could drop to...

Full Story


Events