The Dow was up 135.16 points on Tuesday to close at 11,602.
The Nasdaq also closed up 24.43 points at 2,303.
Wall Street went to work Tuesday knowing a hurricane is in the Gulf of Mexico, but after it was learned the storm shouldn't affect oil drilling, the price of oil dropped.
Stocks made a rebound after an early sell off.
This week marks an anniversary for one Louisville business. Republic Bank started its celebration at the Nasdaq Stock Exchange.
Steve Trager, Chairman and CEO of Republic, presided over Monday's ringing of the closing bell on the Nasdaq. This week is Republic's 10th anniversary of being listed on the stock exchange.
Republic has 42 banking centers in Kentucky, Indiana and Florida.
The high cost of mortgage bailouts is going to cost American taxpayers as much as $25 billion.
The top budget analyst in Congress says the federal rescue of Freddie Mac and Fannie Mae could be that expensive.
But the director of the Congressional Budget Office predicts a better than 50% chance the government will not have to step in to help the mortgage giants by lending them money or buying stock.
UPS appears to be falling behind in the battle with soaring fuel prices.
The world's largest package delivery company is reporting a profit of 85 cents a share, but that's down more than one dollar from a year ago.
UPS profits have dropped this year as the company struggles with record high gasoline and jet fuel costs.
The Chief Financial Officer for UPS says the company expects the second half of this year to generate modestly better results.
The business community in Jeffersontown is looking for a boost like never before for this year's Gaslight Festival. It's one of the largest festivals in the region every year, attracting more than 200,000 visitors.
But this year brings a new twist -- the festival coincides with the Ryder Cup.
Beth Cassity, the president of the Jeffersontown Chamber of Commerce, says, "It's an opportunity, that's how we look at it at the Chamber of Jeffersontown, everything's an opportunity."
The Jeffersontown Chamber hopes to capitilize on the Ryder Cup being played ten miles away. The final three days of the festival include the parade, balloon glow, and arts and crafts show.
The Chamber of Commerce is partnering with Louisville and The Cup Experience to market the event. Beth Cassity explains, "All of us are working together. We are also a part of the Cup Experience as an affiliated event, so they're doing a great job. We're working with them, so we're also on their website helping to market that. We also put together programs and things that will go out to all the hotels, so visitors will see that and have the opportunity to come visit us after they're done at the Ryder Cup."
The Jeffersontown Gaslight Festival begins September 14th and runs through the 21st.
Starbucks customers are showing their loyalty, but it's not helping keep their favorite coffee shops open.
Starbucks says it is sticking by its plan to close 600 of its stores nationwide even though customers have been asking them to reconsider.
The list of stores to be closed, including several in the Louisville area, can be found on the Starbucks website.
The company says the closings are necessary in order to boost business.