Last december. And it wasnt just equities tt saw strength. Oil logged a 9 gain during the past five trading sessions. Today the Dow Jones Industrial average rose 33 points to close at 17,084. The nasdaq added 19, and the s p 500 added a point. Not much, but it still counts as a win. And look at the numbers for the week. The dow and s p 500 both with gains of more than 3 . Mary thompson with more now on the big week for stocks. Reporter well, Oil Activists and expectations for Central Banks will keep from raising Interest Rates this year all helped to fuel strong gains on wall street this week. Notes from the Federal Reserves last meeting suggests policy makers remain dovish, concerned about the International Markets and the lack of u. S. Inflation. All of this spurring a move into riskier assets like stocks as well as commodities. Leading the commodities space, oil. It was up almost 9 this week as it traded above but failed to close above that 50 a barrel mark. The rally spurring big g
Last december. And it wasnt just equities that saw strength. Oil logged a 9 gain during the past five trading sessions. Today the Dow Jones Industrial average rose 33 points to close at 17,084. The nasdaq added 19, and the s p 500 added a point. Not much, but it still counts as a win. And look at the numbers for the week. The dow and s p 500 both with gains of more than 3 . Mary thompson with more now on the big week for stocks. Reporter well, Oil Activists and expectations for Central Banks will keep from raising Interest Rates this year all helped to fuel strong gains on wall street this week. Notes from the Federal Reserves last meeting suggests policy makers remain dovish, concerned about the International Markets and the lack of u. S. Inflation. All of this spurring a move into riskier assets like stocks as well as commodities. Leading the commodities space, oil. It was up almost 9 this week as it traded above but failed to close above that 50 a barrel mark. The rally spurring big
Last december. And it wasnt just equities that saw strength. Oil logged a 9 gain during the past five trading sessions. Today the Dow Jones Industrial average rose 33 points to close at 17,084. The nasdaq added 19, and the s p 500 added a point. Not much, but it still counts as a win. And look at the numbers for the week. The dow and s p 500 both with gains of more than 3 . Mary thompson with more now on the big week for stocks. Reporter well, Oil Activists and expectations for Central Banks will keep from raising Interest Rates this year all helped to fuel strong gains on wall street this week. Notes from the Federal Reserves last meeting suggests policy makers remain dovish, concerned about the International Markets and the lack of u. S. Inflation. All of this spurring a move into riskier assets like stocks as well as commodities. Leading the commodities space, oil. It was up almost 9 this week as it traded above but failed to close above that 50 a barrel mark. The rally spurring big
Defund the health care bill. Among our newsmakers on the topic this morning, we have former oh bam in omb director peter or zaszag. Then coming up at 8 30 eastern, we have former vice chair alice rivlin. And aei senior fellow Kevin Hassette. And in other washington news, the federal Housing Administration will likely soon take a cash infusion from the treasury. The agency needs help to cover losses from souring loans. Jcpenney looking to raise as much as 750,000 to 1 billion to build up its cash reserves. The retailer is leaning towards issuing new shares. But other methods of raising capital are erroredly on the table. Goldman sachs says it expects the retailers to move more slowly. Anyway, another hard hit stock this year, blackberry, we talked bit almost every morning. Fairfax financial says it is confident it can find the money to fund its 4. 7 billion for the smartphonemaker. But shares did fall yesterday on doubts about that bid. Meantime, tmobile, i dont know, becky, announcing
As for the tenyear note yield, a couple of days now after yellens testimony. Shes coming back soon, too, though, right . Tenyear note has moved up of late, 2. 743 . Lets take a look at europe. See how we performed there. As you can see, weakness there perhaps following probably some weakness here in the United States. And that is where we start with the deal that will create the Largest Cable Company by far in the u. S. Comcast the parent of Nbc Universal agreeing to acquiring Time Warner Cable for 45 billion in an allstock transaction. The deal values time warner at roughly 159 a share, before we open trading this morning. Of course. Comcast shares may be down ever so slightly. We will city. Of course, that would impact the value of the deal. The deal trumps Charter Communications recent offer which was 132. 50 a share in cash and stock and had been firmly rejected by Time Warner Cable. Charter earlier this week, of course, nominating 13 people to be on the board of directors as it be