And take a look at where we stand in the markets now we are at session highs. Dow and s p, nasdaq, all rallying the dow is up by 1. 4 . So is the s p 500 and nasdaq is up by 1. 7 major averages are on track for their best week since the beginning of june. Check out some retail that i means hitting record highs home depot and target lets get to bob pisani for more on whats driving stocks higher look whats going on here this week, the sectors most beaten up in august, theyve all rallied. Cyclical semiconductor, retail, industrial theyve all rally ied this week. The more defensive groups, the ones that have been stronger all throughout the month of august, the Consumer Staples and the ewe tillties and gold stock ises, theyre all underperform iing ts week so what is this were seeing here is this an oversold rally in these sicyclicals . Month end rebalancing . More optimism on trade talks maybe all of them. The problem is theres not a lot of confidence in the rally because of the uncertaint
Broke out around 6 oclock this morning. And as of right now, dozens of those elderly residents are still unable to go back home. This happened on santa claire avenue in the grand lake neighborhood. Firefighters were able to get the flames under control in a little over an hour. But the extent of that damage is still unclear. Kron fours will tran brings us the latest from the scene. To the left. Thats where the fire started at around 6 oclock in the morning. We have learned that there is a standpipe for units like this where a building like this, a standpipe allows firefighters to plug in so they can run water up there and fight the fire wherever its happening. In this particular case, it was the 5th floor unit 5 to 2. But for some unknown reason and that they still need to investigate that standpipe was not working despite. Being tested back on october 7. So they had to use all the hoses and run it up to the 5th floor. We do know that this fire started when the extension cord that allo
This hour. Good afternoon. Im today. The problem of fatal crashes involving pedestrians continues in san jose. Police confirming with kron 4 news an elderly woman was struck and killed on thursday. That happening just last night before 7. 30, on lundi avenue near sajdak avenue. This marks the citys 53rd traffic fatality of the year and its 28th involving a pedestrian kron fours. Rob nesbitt has been following this story for us. And rob, what are investigators telling you . Stephanie, its been a busy 24 hours for Law Enforcement in san jose despite their psa is and repeated attempts to increase awareness about fatal crashes. The numbers continue to rise. According to officer steve aponte, the highest number of fatal accidents that he can recall involving a pedestrian occurred. In 2019, there were 28 in san jose that year. Were now in october. And the city has already reached that number for 2022. Police say the elderly woman struck and killed last night was walking across lanes of traff
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Flight costs typically surge before the major Christmas holiday. However, prices are already rising faster compared to this time last year, an industry economist warned.