Nightly Business Report for thursday, july 11th. Good evening everyone. A day of milestones on wall street today. Stocks surged and the major averages hit new records thanks to a broad based rally. All ten of the s p 500 sectors were up. What happened . All it the ben bernanke rally. Investors were inspired to buy stocks this morning following news we told you about last night, the fed chairman saying the central bank will continue its easy money policies. Why . Because bernanke says the weak u. S. Economy still needs help. The buying was explosive. The dow soared 170 points closing at 15,460 and the das knack jumped and the s p up 2 points. Even the small cap russell 2000 index is in record terror tonight. The tenyear treasury rose with the down to 2. 57 and gold up 32. 50 to 1,279. Joining us to talk more about todays market activity and what may be ahead is chief equity strategy. Did ben bernanke say anything different and if he didnt, what sparked the rally . Not a lot different, t
Big house, we have the story of a woman who defrauded taxpayers like you in a medicare scheme so brazen, its hard to believe. All that and more tonight on nightly Business Report for thursday, july 11th. Good evening everyone. A day of milestones on wall street today. Stocks surged and the major averages hit new records thanks to a broad based rally. All ten of the s p 500 sectors were up. What happened . All it the ben bernanke rally. Investors were inspired to buy stocks this morning following news we told you about last night, the fed chairman saying the central bank will continue its easy money policies. Why . Because bernanke says the weak u. S. Economy still needs help. The buying was explosive. The dow soared 170 points closing at 15,460 and the das knack jumped and the s p up 2 points. Even the small cap russell 2000 index is in record terror tonight. The tenyear treasury rose with the down to 2. 57 and gold up 32. 50 to 1,279. Joining us to talk more about todays market activi