Good evening, everyone. Im Tyler Mathisen coming to you tonight from outside the Federal Reserve headquarters on constitution avenue in washington, d. C. And here today, the nations central bank, in an historic move, voted to begin pulling back its unprecedented stimulus. Sue . Good to see you, ty. Im sue herera. Stocks took off in response to that. Tonight, what the feds decision means for your investments and your money. We begin with the decision itself. The committee voted to raise Interest Rates by a quarter of a point, and though small, it signals a vote of confidence in the economy, and it ends an extraordinary sevenyear period of near 0 Interest Rates. And in response, stocks rose sharply. All of the major indices were up more than 1 . The Dow Jones Industrial average added 224 points to 17,749. The nasdaq climbed 75 and the s p 500 gained 29. Hampton pearson has more on the feds decision and the outlook for future rate hikes. Reporter at the Federal Reserve, the end of an era,
Lower with oil tipping below 40 for the First Time Since summer, but then at midday came news of yet another mass shooting in america. This one occurred at a center for people with disabilities in san bernardino, california. As of this evening, Authorities Say at least 14 are dead. An equal number are wounded. Police are searching for up to three suspects who apparently fled the scene and whose motives are unknown. Investors already on edge after the paris attacks sold stocks into the close. On the day, the Dow Jones Industrial average fell 158 points to 17,729. The nasdaq slipped 33 points and the s p 500 was 23 points lower. But before this afternoons events, the markets eyes, as we mentioned a moment ago, were trained largely on Federal Reserve chair janet yellen. She spoke to the Economic Club of washington and made it clear she thinks the economy is improving, but is it Strong Enough to raise Interest Rates two weeks from today for the first time in nine years . Steve liesman repo
Lower with oil tipping below 40 for the First Time Since summer, but then at midday came news of yet another mass shooting in america. This one occurred at a center for people with disabilities in san bernardino, california. As of this evening, Authorities Say at least 14 are dead. An equal number are wounded. Police are searching for up to three suspects who apparently fled the scene and whose motives are unknown. Investors already on edge after the paris attacks sold stocks into the close. On the day, the Dow Jones Industrial average fell 158 points to 17,729. The nasdaq slipped 33 points and the s p 500 was 23 points lower. But before this afternoons events, the markets eyes, as we mentioned a moment ago, were trained largely on Federal Reserve chair janet yellen. She spoke to the Economic Club of washington and made it clear she thinks the economy is improving, but is it Strong Enough to raise Interest Rates two weeks from today for the first time in nine years . Steve liesman repo
Good evening, everyone. Im Tyler Mathisen coming to you tonight from outside the Federal Reserve headquarters on constitution avenue in washington, d. C. And here today, the nations central bank, in an historic move, voted to begin pulling back its unprecedented stimulus. Sue . Good to see you, ty. Im sue herera. Stocks took off in response to that. Tonight, what the feds decision means for your investments and your money. We begin with the decision itself. The committee voted to raise Interest Rates by a quarter of a point, and though small, it signals a vote of confidence in the economy, and it ends an extraordinary sevenyear period of near 0 Interest Rates. And in response, stocks rose sharply. All of the major indices were up more than 1 . The Dow Jones Industrial average added 224 points to 17,749. The nasdaq climbed 75 and the s p 500 gained 29. Hampton pearson has more on the feds decision and the outlook for future rate hikes. Reporter at the Federal Reserve, the end of an era,
Trucks. Topping the previous high set in 2000. The reasons are the ones weve been telling you about, cheap gas, low rates on loans and a strengthening economy and job market. As phil lebeau explains, records were broken despite lukewarm sales in the final month of the year. Reporter americans bought new cars, trucks absuvs at a strong pace in december, though maybe not as strong as many on wall street expected. The major automakers boosted sales last month between 5 and 1 which was generally shy of what many on wall street were expecting. The one notable exception, General Motors increased sales 5. 7 in december and for the First Time Since 2007, gm sold more than 3 million vehicles in the u. S. With Interest Rates starting to rise and the expected Monthly Payment for auto loans expected to move slightly higher, some have been concerned that perhaps weve seen a top in auto sales in the u. S. , but analysts believe we should see Strong Demand continue for the foreseeable future. Were ac