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.


32° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Snow and blowing snow likely in NE KELOLAND, click here for details.

 

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Thursday Morning Business Brief

November 8, 2012, 5:43 AM

Thursday Morning Business Brief

The stock market is coming off its worst sell-off of the year. The Dow Jones industrial average dropped 313 points Wednesday, ending the session at 12,933. The S&P lost 34 points to 1,395, while the Nasdaq composite index was down 75 points to 2,937. Wall Street is poised for a flat opening today.

  • International stock markets settled down today after the turmoil of the previous day when concerns over the U.S. fiscal situation combined with renewed worries over the European economy to hammer stocks. Benchmark crude oil rose to near $85 per barrel. The dollar gained against the euro.
  • On today's economic calendar, the Labor Department releases weekly claims for unemployment benefits. Also due today, Freddie Mac releases its weekly roundup of mortgage interest rates.
  • The European Union is considering imposing tariffs on Chinese-made solar panels and parts after a complaint from European manufacturers alleged that Beijing is subsidizing the industry. The Commission, the EU's executive arm, opened its investigation Thursday. It is already looking into a complaint that Chinese manufacturers are "dumping" solar panels on Europe - selling them at below-market rates.
  • Employee 401(k) accounts grew more than 4 percent in the third quarter as a rising stock market boosted investment returns, and contributions from workers and their employers increased. Fidelity Investments, the nation's largest 401(k) administrator, says that the average balance of $75,900 at the end of the quarter was the highest since it began tracking the data in 2000. Three months earlier, the average account balance was $72,800.

Find the latest local business news on the Back to Business page of KELOLAND.com.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

New Indoor Racing & Recreation Business

11/19/2014 10:05 PM

For about four months out of the year, people in the Sioux Falls area can go go-kart racing and play mini golf.

Full Story | Watch
New Sioux Falls Shop Opens Thursday

11/19/2014 11:10 AM

Holiday shoppers will soon have a new spot to buy locally made gifts.

Full Story
Stroller Recall Due To Amputation Hazard

11/20/2014 9:45 AM

More than four million strollers sold in the United States are part of a recall.

Full Story
Alco To Close Stores Across South Dakota

11/21/2014 2:03 PM

Several South Dakota cities will soon have one less store.

Full Story
South Dakota Malls Will Open On Thanksgiving

11/21/2014 11:41 AM

Shoppers no longer need to stay up all night to get Black Friday deals.  More stores are opening on Thanksgiving, closing overnight and then reop...

Full Story


Events