Captioning sponsoredy Macneil Lehrer productions ifill the Dow Jones Industrial average closed at an alltime high today, erasing losses from the financial crisis. Good evening. Im gwen ifill. Suarez and im ray suarez. On the newshour tonight, we assess whats behind the market rally, coming as corporate profits surge amid continuing worries about unemployment and other problems. Ifill then we turn to venezuela, where president hugo chavez died today after a long battle with cancer. Margaret warner looks back at his life, and at what comes next for his country. Suarez we examine the budget battles in washington, as Congress Begins negotiating yet another stopgap measure. Ifill Judy Woodruff talks with Virginia Attorney general and gubernatorial candidate Ken Cuccinelli about his new book on political power. Suarez and we close with the details of two new studies showing Life Expectancy for women in many places in america is actually falling. Ifill thats all ahead on tonights newshour. Ma
Several other indexes are also rebounding. The s p 500 was up 14 points to finish at 1539, within striking distance of its record of 1565, set in 2007. We look behind the rally and these numbers with Barry Ritholtz, a market strategist, author and c. E. O. Of fusion iq, an Online Research firm. He blogs at the big picture. And Matt Phillips, who writes for quartz, a digital news site that covers the Global Economy for atlantic media. Is welcome to you both. Starting with you Barry Ritholtz, whats behind this sudden rise . Well, its a combination of a number of factors. First and fore most going to be really good earnings that weve seen over the past couple of quarters, past couple of years and a lot of this has to do with the massive intervention of the Federal Reserve. They kept rates so low its made it very inexpensive for corporations to borrow and invest and its created a lot of liquidity which drives equity prices higher. Ifill Matt Phillips, because of the intervention of the Fed
RANDOLPH TWP. - Senior Kyle Hart was honored as the Class of 2024 s Valedictorian at Randolph High School s graduation ceremony on Bauer Field on Thursday, June 13.