Posted: Oct 27, 2013 2:08 PM by William Joy, KOMU 8 Reporter
Updated: Oct 27, 2013 10:01 PM
COLUMBIA - The stock market is just a reflection of expectations, and this week some major companies released earnings reports beating expectations and leading to some record highs.
Boosted by strong reports from Microsoft and Boeing, the Dow Jones Industrial Average finished up 1.11 percent this week to close at 15,570.28, just about one percent away from its record high. The NASDAQ closed up 0.74 percent for the week. Strong earnings from Amazon pushed the index to a 13-year high, with it closing at 3,943.36. Finally, the S&P 500 went up for the third straight week to close at 1,759.77, a 0.88 percent gain.
Speaking of expectations, the economy added just 148,000 new jobs in September, which is far fewer than the expected amount of 180,000. The consumer confidence index, which is a reading of how confident people are feeling about the economy dropped to 73.2, which is a 10-month low, the lowest reading of the year, down from 77.5 in September.
When people have a poor outlook on the economy, which usually means less purchasing, and less purchasing means lower prices, which is partially why gas prices are down. Missouri's prices are the lowest in the nation according to gasbuddy.com, with a state average of $2.95/gallon.
The reason the state is so low is because while there's not really any oil in the state, Missouri is surrounded by refineries in Oklahoma, Kansas, and Illinois so transportation costs are low and there's no sales tax on gas in Missouri.
And while there's nothing low-cost about going to college, the good news is that it's not getting much more expensive. Tuitions rose 2.9 percent this year, and that's the smallest yearly rise in 30-years. This past year, the UM System increased its tuition only 1.7 percent.
For the first time ever, Kohl's will be opening up their stores on Thanksgiving at 8 PM, and they'll keep them open all the way through Black Friday. The retailer joins JC Penny and Macy's who announced identical plans last week. The reasons behind the openings are lackluster sales last year and the fact the first day of Hanukkah is the same day as Thanksgiving this year.
The US Federal Reserve has one of their eight yearly meetings this week. On Wednesday, the Fed has its announcement scheduled, and Apple and Facebook release earnings on Monday and Wednesday. Finally, there will be more info on how quickly the US's economic situation is improvement when initial jobless claims are released on Thursday.
Posted 4:19 AM 11/28/2015 by The Associated Press
JEFFERSON CITY, Mo. (AP) — The Governor's Mansion is about to look a little more festive.
The Christmas trees that will adorn the Jefferson City mansion are arriving Monday morning. The outside tree is a 30-foot Norway spruce that came from the yard (More)
Posted 2:58 PM 11/27/2015 by Nick Komisar & Amy Money, KOMU 8 Reporters
COLUMBIA - The moment the MU football team announced on Twitter that it wasn't going to play until former UM Systems President Tim Wolfe resigned, the Concerned Student 1950 movement was thrust into the national spotlight. A photo was tweeted by some members of the team locking arms, with (More)
Posted 1:52 PM 11/27/2015 by The Associated Press
BRANSON (AP) — Authorities say deputies have killed a man who shot his wife and pointed a handgun at the deputies.
KOLR-TV reports that 58-year-old Rick Gullickson was killed early Friday at a home in southern Stone County. The Stone County Sheriff's Department said (More)
Adv. - more news below
Posted 1:18 PM 11/27/2015 by The Associated Press
HANNIBAL (AP) — Mark Twain's 180th birthday is being celebrated this weekend in his boyhood hometown.
The Hannibal Courier-Post reports that a mustache competition and a masquerade mask art show are among the activities planned for Saturday at the Mark Twain Boyhood (More)
Posted 1:14 PM 11/27/2015 by The Associated Press
WEST PLAINS (AP) — A south-central Missouri man has been charged in a deadly crash.
The West Plains Daily Quill reports that 33-year-old Kevin Matthew Stephens, of Pomona, is jailed in Howell County on an involuntary manslaughter charge. No attorney is listed for (More)
Posted 10:29 AM 11/27/2015 by The Associated Press
JEFFERSON CITY (AP) — Local elected officials and state lawmakers are praising Gov. Jay Nixon for calling for settlement money to be spent in areas damaged by lead mining.
Nixon this week directed the state Department of Natural Resources to identify restoration (More)
Posted 10:11 AM 11/27/2015 by Ashton Day, KOMU 8 Digital Producer
JEFFERSON CITY - Despite the rain, Missouri State Parks and the Missouri Department of Natural Resources are encouraging Missourians to spend Black Friday outdoors.
Missouri State Parks is waiving all camping fees the evening of Nov. 27. The campsites will be first come, first (More)
Adv. - more news below
Posted 8:40 AM 11/27/2015 by The Associated Press
ST. LOUIS (AP) — The $380-million Gateway Arch grounds overhaul in St. Louis has opened its first renovated park.
The Arch and its grounds are undergoing a $380-million renovation, which includes a planned 46,000-square-foot expansion of the visitor center and a redesigned Museum of (More)
Posted 8:36 AM 11/27/2015 by The Associated Press
FESTUS (AP) — Administrators of a thrift store in suburban St. Louis are trying to reunite someone with $1,200 in cash that officials said appears to have been accidentally included in donated items.
As the interim (More)