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Tuesday Evening Business Brief

November 6, 2012, 5:41 PM

Tuesday Evening Business Brief

Wall Street sent stock prices solidly higher as Americans headed to vote. The Dow gained 133 points to 13,246. The S&P was up 11 points, while the Nasdaq composite added 12 points.

  • Newly released figures suggest Superstorm Sandy caused the loss of nearly $4 billion of retail sales last week in the hard-hit Mid-Atlantic and Northeast region. That's nearly 20 percent of the usual total. The report from MasterCard Advisors' SpendingPulse calls the impact on retail "a significant negative event".
  • By most accounts, the housing market continues to recover. And real estate data provider CoreLogic says U.S. home prices were up 5 percent in September over a year earlier. Among metro areas, it says Phoenix saw the biggest increase, with home prices up 22 percent.
  • Although we've since had unemployment figures for October, the Labor Department today released a snapshot of slimmer job openings in September.  Employers posted fewer job openings in September, compared to August.
  • In Washington, a House panel has issued a subpoena for the head of the facility linked to a deadly meningitis outbreak. That's after he reportedly declined to appear before Congress next week. The Centers for Disease Control and Prevention says more than 400 people have been sickened by contaminated steroid shots distributed by the compounding pharmacy, and some thirty deaths have been reported.

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