Capped a strong week within striking distance of alltime record closing high. Blue chip index up to 18,127. The nasdaq gained 34 points rising for 5 Straight Days to get third highest close ever at 5026. And s p 500 up nearly 19 to 2108. In a week of big triple digit swings dont fight the fed. Stocks got lot of help after the fed wednesday dropped the word patient from its Interest Rate prognosis but basically said it will be patient about raising them. The dow rose 2 for the week. The nasdaq outpacing the others with a 3 rise and the s p. So its steepest weekly advance. But focus squarely this week on nasdaq that closed above 5,000 for the second time this year and on a few occasions this week the index was up when the dow and the s p were down. So why the recent strength in the index . Bertha coombs has our repo. Reporter the nasdaq is now within reach of new alltime high. And this time around says j. P. Morgans kate moore, the tech heavy index is driven by profits more than hype. We
Capped a strong week within striking distance of alltime record closing high. Blue chip index up to 18,127. The nasdaq gained 34 points rising for 5 Straight Days to get third highest close ever at 5026. And s p 500 up nearly 19 to 2108. In a week of big triple digit swings dont fight the fed. Stocks got lot of help after the fed wednesday dropped the word patient from its Interest Rate prognosis but basically said it will be patient about raising them. The dow rose 2 for the week. The nasdaq outpacing the others with a 3 rise and the s p. So its steepest weekly advance. But focus squarely this week on nasdaq that closed above 5,000 for the second time this year and on a few occasions this week the index was up when the dow and the s p were down. So why the recent strength in the index . Bertha coombs has our repo. Reporter the nasdaq is now within reach of new alltime high. And this time around says j. P. Morgans kate moore, the tech heavy index is driven by profits more than hype. We
Thats right, fredricka. Nothing brings palestinians together like Israeli Aggression does. Youve been hearing about everybody on all sides, its not whether you are affiliated or support hamas or fatah or islamicee geohuhhed or any of them. It is about being palestinian. We not only saw people out because they were supporting this victory, as it is being called on this side but also because they were able to do so because they spent so many days couped up, but their children were begging them. The minute the ceasefire was announced, to let them just go out. This has been a people that has been living in complete and total fear since this all began last wednesday. Many saying they could not be entirely sure where the israelis would be striking next. You see targets ranging from empty lots between buildings, that the israelis where hamas was launching its rockets from, all the way through government installations, police stations, even media. Journalists who are working with television st
Ground in gaza city, richard plight again is in ashkelon in israel, Jessica Yellin is live in cambodia where secretary clinton has departed heading for the middle east. We begin with christiane. Welcome. Give us a sense of this new announcement from israel. How long do you think israel is waiting to silt on this halt before it would move forward with sending Ground Troops in . Well, what was reported was that a senior Government Official in the loop close to the talks has confirmed to me this morning that after the latest intense round of conversations and meetings between Prime Minister netanyahu and his inner security cabinet, which went on into the Early Morning hours here jerusalem time, there has been a decision taken to hold on the ground offensive. To give time, he says, limited time to make the diplomatic solution work. That is their preferred option. However, he also adds that Israeli Military is prepared and continues to make its preparations in case, if and when, a decision
Point the selling was far worse and it looked like we could be in the midst of a major rollover. Still today like yesterday, the buyers and sellers did real soulsearching, and what exactly are they pondering . Basically, theyre trying to figure out if good news about the economy is bad news for stocks or is the opposite the case, as the economy improves should we like stocks more . Its a firstclass quandary that we have to dive into headlong on mad money if were going to figure out the markets move. Its distracted and a parlor game and we find you the best stocks and the best opportunities. The only focus on the feds next move the last three years, you missed some of the single best moments to invest in our lifetimes. I regard that as terrible. I regard it as shameful because this fedcentric world presumes that the market is one big stock that is sent higher or lower by ben bernanke and janet yellin and its the market as a marionette. My favorite credo is the opposite. The stocks repre