Posted: Jul 4, 2012 8:33 AM by KPAX News Staff
Updated: Jul 4, 2012 8:47 AM
The markets are closed for the Fourth of July. On Tuesday, investors bought stock after a report showed America's factories received more business than expected. The Dow Jones Industrials finished 72 points higher while the NASDAQ was up almost 25 points.
Sales of fireworks could be down this year because of droughts and wildfires. From Utah to Indiana, states are calling off fireworks displays as there are concerns the shows could trigger more wildfires. People in seven states are being told not to use fireworks in their backyards. Last year the fireworks industry generated almost $1 billion in sales.
Even if there are no fireworks millions will celebrate the Fourth of July with hot dogs. An industry group says Americans are expected to eat more than 150 million hot dogs this week. That's just a portion of the seven billion hot dogs Americans will consume over the summer.
Cheese is a staple in Italy, but some of the country's makers are moving to new pastures in the Czech Republic. The May earthquakes in Italy damaged plants and farms in the dairy region. One of Italy's oldest producers of parmesan cheese is making the move.