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.


35° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Wednesday Morning Business Brief

December 12, 2012, 6:38 AM

Wednesday Morning Business Brief

Stocks posted solid gains in Tuesday trading. The Dow added 70 points to 13,248. The S&P tacked on 9 points to 1,428, while the Nasdaq rose 35 points to 3,022. The Dow and the S&P have risen for five straight sessions. Futures trading suggest a lackluster opening today.

  • Expectations that the Federal Reserve will announce a new stimulus plan to help bring life to a lethargic U.S. economy boosted stock markets in Asia, but enthusiasm waned as trading began in Europe. Benchmark crude oil rose above $86 per barrel. The dollar rose against the euro and the yen.
  • The Federal Reserve today wraps up a two-day policy-setting session, where it is expected to announce a revised bond-buying program aimed at supporting economic growth. Fed Chairman Ben Bernanke holds a news conference where he will talk about the outlook for the economy.
  • Economists say some of the anxiety about the fiscal cliff may be misplaced and that a brief fall probably wouldn't be too damaging. Even if New Year's passes with no deal, there would be no need to panic as long as an agreement seemed likely soon. The tax increases and spending cuts could be retroactively repealed.
  • A new report is encouraging news for small business, especially in the wake of Superstorm Sandy. MasterCard Advisors and Wells Fargo report spending by holiday shoppers trumped Sandy's impact on small businesses in November. The report says shoppers spent 5.2 percent more at small retailers in November than they did last year. Total U.S. retail sales increased 4.5 percent for the same period.

You can find more business news on the Back to Business page of KELOLAND.com.

Previous Story

Next Story




Sponsored
 

View business

You may also like

Wells Fargo Lays Off Handful Of Workers In Sioux Falls

2/3/2016 2:27 PM

Spokesperson Staci Schiller said nine employees were given a 60-day notice in its home lending department.

Full Story
Out-Of-Court Settlement Reached In Lawsuit Over Wildfire

2/1/2016 7:34 AM

Court documents indicate a federal judge has signed off on a confidential settlement between Black Hills Power and the 87 plaintiffs.

Full Story
IRS Phone Scam Costing KELOLAND Thousands

2/4/2016 3:05 PM

Those aggressive IRS scam calls plaguing KELOLAND have cost South Dakotans tens of thousands of dollars so far.

Full Story
Toppers Pizza To Open On East 10th Street

2/1/2016 4:13 PM

Toppers Pizza is adding a second Sioux Falls location.

Full Story
South Dakotans: Fast Talking And Patient On The Phone

2/4/2016 7:51 AM

South Dakotans are ranked as the eighth fastest talkers in the U.S., behind Iowa at number 5 and Minnesota at number 2.

Full Story


Events