When investors expect the market to rally into the change of the calendar, better known as the santa claus rally. But so far everyone seems to be searching for santa. And today wasnt any different. Triggered by a better than 3 drop in the global oil benchmark, stocks ended the day lower but well off of their lows. The dow fell nearly 24 points to 17,528. The nasdaq dropped 7 1 2. And the s p 500 was off more than 4 and is once again negative for the year. Bob pisani takes a look at whats going on. Reporter a lot of investors are relying on a yearend push, but we may have the santa claus rally with a big 3 move up last week. The traditional rally during the last five days the trading year and the first two of the new one is called the santa claus rally. Its been a very reliable trade. Its good for a roughly 1. 4 gain in the s p 500 since 1950. But were off to a rocky start. Decembers usually a reliable up month. Its been up six of the last seven years. But its down actually for the mont
America festival. It appeared the taxi was going about 50 Miles Per Hour. Aid officers stressed the actual speed of the cab has not been determined. Theyre trying to get more information from the taxi driver as he is in the hospital. Coming up in the next 30 minutes ill hear from one of the investigators who is working this case. Ill tell you why. This is different from the other fatal accidents involving pedestrians and vehicles that have been happening in philadelphia over the summer. This was different. You will hear from the investigator coming up from the next 30 minutes. Live in north philadelphia, jesse gary, nbc 10 news. Thanks, jesse. Well see you at 11 30. It was a busy morning for philadelphias Wynnefield Heights neighborhood. The driver of the pickup truck claimed a car coming in the opposite direction crossed into his lane. To avoid the car, he veered off the road and crashed into the trees and a transformer knocking down utility poles, but sources say that investigators a
Afternoon. Yesterdays high was 88. Well see that today at 2 00 this afternoon. And the temperature will still be climbing. Well go through the forecast neighborhood by neighborhood to show you how warm it will get where you live when i come back in ten minutes. Right now, just after 6 00. Time to check traffic. Jessica boyington in the first alert traffic center. We have a busy morning ahead of us. Surprisingly, even with the holiday. Right now were on the schuylkill expressway right around the vine street expressway. We still only have a 12minute drive time. Were not seeing a whole lot of action on the majors. So anywhere on the schuylkill, 95, the vine street expressway, the blue route, 202, everything is pretty much safe so far this morning. Were seeing a lot of things start to pick up on the other areas of the smaller roadways, Wynnefield Heights, conshohocken ave and south road. Utility poles down and wires also. Out in philadelphia, arch street is closed at broad street with a de
Halloween friday october 31st. Good evening, everyone. Well, nothing spooky or scary about this halloween friday on wall street. Both the dow and the s p 500 surged to record highs this friday and posted gains of 2 or more despite all those wild swings. After todays wild rally, investors can thank Investment Bank for the stimulus plan. Also helping, some strong Economic Data right here at home. The shoppers index in the midwest rows more than expected. Consumer sentiment hit its highest level in more than seven years. Even though Consumer Spending fell last month for the First Time Since january, personal income rows nearly 1 , the biggest increase in more than six years. So add it all up, and it was a blockbuster day on wall street. The dow skyrocketed at almost 200 points, closing at 2,390. The s p added 23 to the new high of 2,018. Looking at the scorecard for october, the dow was up 2 , the nasdaq jumped 3 and the s p added more than 2 . Bob pisanti has more on this months tricks a
Halloween friday october 31st. Good evening, everyone. Well, nothing spooky or scary about this halloween friday on wall street. Both the dow and the s p 500 surged to record highs this friday and posted gains of 2 or more despite all those wild swings. After todays wild rally, investors can thank Investment Bank for the stimulus plan. Also helping, some strong Economic Data right here at home. The shoppers index in the midwest rows more than expected. Consumer sentiment hit its highest level in more than seven years. Even though Consumer Spending fell last month for the First Time Since january, personal income rows nearly 1 , the biggest increase in more than six years. So add it all up, and it was a blockbuster day on wall street. The dow skyrocketed at almost 200 points, closing at 2,390. The s p added 23 to the new high of 2,018. Looking at the scorecard for october, the dow was up 2 , the nasdaq jumped 3 and the s p added more than 2 . Bob pisanti has more on this months tricks a