Broader economy. And housing disconnect. Home builders are more optimistic than they have been in eight years. Nightly Business Report for thursday, august 15th. Good evening everyone and welcome. The drip, drip, drip of sliding stock prices turned into something more today, Something Like a tarrant. Investors digested troubled news with walmart and cisco and claims mean the Federal Reserve will reduce stimulus sooner rather than later. The dow is 546 points or 3. 5 below the alltime high hit on august 2. The s p 500 is 48 points or 2. 8 below the peak set that day. New todays sell off accounts for half of those declines from the alltime highs, the dow down 225 points, the nasdaq lost 63 and the s p 500 lower by 24. But it wasnt just stocks that fell today. Bond prices tumbled, too, largely on the fed fears. The yield on the tenyear bond is 2. 77 , its highest in two years. Also moving up today were gold prices. They spiked more than 2 settling above 1360 an ounce as the dollar fell ag
Dow transports finishing at fresh alltime highs. The reason . Federal reserve policy makers decided today to keep Interest Rates right where they are near zero for what they call a quote, considerable time. Now, that is the phrase some fed watchers thought would be dropped from its postmeeting communication. And the thinking was it would have opened the door to higher Interest Rates sooner. Well, not so fast, said the fed chair janet yellin, the rate is not ready, and the lower inflation means the rates can stay low for now, on wall street, major averages shot higher, dow up about 25 points with the high, nasdaq up nine, s p edging back from an historic intraday high this afternoon finishing just two points higher on the day. Prices on tenyear treasuries fell as bond yields jumped to a session peak above 2. 6 , moving up in the past couple of weeks. And the u. S. Dollar gained some ground as well. Hampton pierson has more. Reporter Federal Reserve chair janet yellin delivered a shot to
Optimistic than they have been in eight years. Nightly Business Report for thursday, august 15th. Good evening everyone and welcome. The drip, drip, drip of sliding stock prices turned into something more today, Something Like a tarrant. Investors digested troubled news with walmart and cisco and claims mean the Federal Reserve will reduce stimulus sooner rather than later. The dow is 546 points or 3. 5 below the alltime high hit on august 2. The s p 500 is 48 points or 2. 8 below the peak set that day. New todays sell off accounts for half of those declines from the alltime highs, the dow down 225 points, the nasdaq lost 63 and the s p 500 lower by 24. But it wasnt just stocks that fell today. Bond prices tumbled, too, largely on the fed fears. The yield on the tenyear bond is 2. 77 , its highest in two years. Also moving up today were gold prices. They spiked more than 2 settling above 1360 an ounce as the dollar fell against the eros and the yen. As tyler just mentioned, the news fr
Buyers into the hands of land boards. Will the tighter requirements make them safer . All that and more tonight on nightly Business Report for tuesday, july 9th. Good evening everyone. A new chapter for barnes noble today but how that story plays out is still unwritten. Investors are betting on a happy ending pushing up by 5 today. They were reacting on news the ceo is out and the possibility the big retailer might break up and spin off the nook division. They out lived brick and mortar competitors like borders and walden books. What is next for the chain and can it survive . Reporter three years ago, barnes noble made a bet on its nook e reader bring income a new ceo William Lynch to ignite the business. But the nook never caught fire losing 475 million last year and now william lidge is the former ceo of barns and noble. And the companys problems are bigger than just the nook division. Sales did drop 34 in the most recent quarter, but sales in the physical stores and website also dec
Buyers into the hands of land boards. Will the tighter requirements make them safer . All that and more tonight on nightly Business Report for tuesday, july 9th. Good evening everyone. A new chapter for barnes noble today but how that story plays out is still unwritten. Investors are betting on a happy ending pushing up by 5 today. They were reacting on news the ceo is out and the possibility the big retailer might break up and spin off the nook division. They out lived brick and mortar competitors like borders and walden books. What is next for the chain and can it survive . Reporter three years ago, barnes noble made a bet on its nook e reader bring income a new ceo William Lynch to ignite the business. But the nook never caught fire losing 475 million last year and now william lidge is the former ceo of barns and noble. And the companys problems are bigger than just the nook division. Sales did drop 34 in the most recent quarter, but sales in the physical stores and website also dec