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Transcripts For KQED Nightly Business Report 20170815

Performance since april, reversing the losses that besieged the market last week. The mood on wall street improved on easing tensions with north korea thanks to an opped written by the secretaries of state and defense who said the administration would continue to pursue diplomatic resolutions with pyongyang. Now, add to that a solid quarter of corporate earnings, and stronger than expected growth in japan, and stocks took off. The Dow Jones Industrial average rose 135 points to 21,993. The nasdaq gained 83. And the s p 500 advanced 24. Dominic chu watched the rally from the floor of the new york stock exchange. Reporter it didnt last very long. What was shaping up to be a bigger scaled downturn in the stock market ended up fizzling out like its done consistently over the past year. On a Bigger Picture basis, major indices posted declines of around a couple percent only to bounce back today with gains in tech stocks and bank stocks. The general consensus among many traders is that geopo

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