The Joplin Globe, Joplin, MO


January 3, 2014

Stocks climb in early trading on Wall Street

NEW YORK — Stocks rose in early trading Friday, recouping some of their losses after a weak start to 2014 the day before.

The stock market started the New Year with a thud on Thursday, declining on the year’s first day of trading for the first time since 2008.

Trading has been quiet this week before and after the New Year’s Day holiday on Wednesday.

KEEPING SCORE: The Standard & Poor’s 500 index rose four points, or 0.3 percent, to 1,836 as of 10:21 a.m. Eastern Time. The Dow Jones industrial average gained 52 points, or 0.3 percent, to 16,493. The Nasdaq composite rose two points, or 0.1 percent, to 4,146.

BIG STORM: Trading was likely to be muted Friday after a winter storm hit the Northeast. The governors of New York and New Jersey declared states of emergency and urged people to avoid travelling.

SLOW EURO-GOING: The European Central Bank says that loans to companies slipped by 3.1 percent in November from a year earlier. Europe’s economic recovery has been slow, and sluggish lending suggests that confidence remains poor. Still, Spain reported Friday that the number of people registered as unemployed fell by 107,570 in December, the biggest drop on record for the month and welcome news for an economy rattled by a two-year recession.

TREASURYS AND COMMODITIES: The yield on the 10-year Treasury note climbed to 3 percent from 2.99 percent on Thursday. The price of oil dropped 22 cents, or 0.2 percent, to $95.21 a barrel.

NO JOY: Joy Global, a manufacturer of mining equipment, fell $1.44, or 3 percent, to $54.92, after analysts at Goldman Sachs recommended their clients sell the stock amid a weaker outlook for the mining industry.


Text Only

A state lawmaker who is one of two doctors in the Oklahoma Legislature is insisting that unaccompanied immigrant minors being housed at Fort Sill be quarantined. Do you think those kinds of measures should be taken?

A. Yes.
B. No.
     View Results
Twitter Updates
Follow us on twitter
NDN Video
Raw: Fight Breaks Out in Ukraine Parliament Bodies of Malaysia Jet Victims Leave Ukraine Disabled Veterans Memorial Nearing Completion Last Mass Lynching in U.S. Remains Unsolved Home-sharing Programs Help Seniors Ex-NYC Mayor: US Should Allow Flights to Israel Clinton: "AIDS-Free Generation Within Our Reach" Judge Ponders Overturning Colo. Gay Marriage Ban Airlines Halt Travel to Israel Amid Violence NYPD Chief Calls for 'use of Force' Retraining VA Nominee McDonald Goes Before Congress Bush: Don't Worry, Sugarland Isn't Breaking Up US Official: Most Migrant Children to Be Removed Police Probing Brooklyn Bridge Flag Switch CDC Head Concerned About a Post-antibiotic Era Raw: First Lady Says `Drink Up' More Water Courts Conflicted Over Healthcare Law Holder Urges Bipartisanship on Immigration Raw: Truck, Train Crash Leads to Fireball US Airlines Cancel Israel Flights