Take advantage of the mild christmas weather. Good evening, everyone. Merry christmas. Im ted greenberg. Thank you for being with us tonight. We have Team Coverage of Christmas Celebrations across our area. But we begin with nbc 10 first alert meteorologist erika mart n martin, who is tracking change after a nice Christmas Day outside. Great day, in fact. 50 degrees at philadelphia airport. That was the official observation. Outside, it is still quiet. At the bottom of your screen, youll see your local neighborhood forecast conditions. In and around philadelphia, were seeing 44 for kensington. Society hill, 48. Look at all these 40s. Upper 30s for chestnut hill. Satellite and radar image showing a few clouds. Really, well see partly cloudy skies. Mostly clear for some tonight. Well pick up showers moving in. In fact, you can see the arrows showing us rain headed our way. We could see a little changeover for parts of lehigh valley. Otherwise, mainly dry until tomorrow. Coming up in the
Year despite a rather uninspiring session today. The dow gained more than 400 points from last fridays close as concerns about china and oil took a back seat, at least for now. Today the dow industrial average fell by 21 points, closed at 16,391. The nasdaq gained 16, s p 500 basically fact. Smallest point decline for the s p since august 2012. For the week all the major averages rose 2. 5 or more. And as bob fasani explains there may be a key milestone for the market. Reporter this was an important week. Going into monday we had a oneday rally going. The s p 500 was still down about 9 for the year. The trend was down. Four trading days later the s p is up nearly 3 for the week. And the shortterm trend is sideways. Thats an important change. And its been notable bounces in the most beatenup groups. Old school tech names like hewlettpackard, ibm, cisco, had notable bounces and big global industrials like Northrop Grumman and Illinois Tool Works up 4 , 5 for the week, outperforming the m
Year despite a rather uninspiring session today. The dow gained more than 400 points from last fridays close as concerns about china and oil took a back seat, at least for now. Today the dow industrial average fell by 21 points, closed at 16,391. The nasdaq gained 16, s p 500 basically fact. Smallest point decline for the s p since august 2012. For the week all the major averages rose 2. 5 or more. And as bob fasani explains there may be a key milestone for the market. Reporter this was an important week. Going into monday we had a oneday rally going. The s p 500 was still down about 9 for the year. The trend was down. Four trading days later the s p is up nearly 3 for the week. And the shortterm trend is sideways. Thats an important change. And its been notable bounces in the most beatenup groups. Old school tech names like hewlettpackard, ibm, cisco, had notable bounces and big global industrials like Northrop Grumman and Illinois Tool Works up 4 , 5 for the week, outperforming the m
Year despite a rather uninspiring session today. The dow gained more than 400 points from last fridays close as concerns about china and oil took a back seat, at least for now. Today the dow industrial average fell by 21 points, closed at 16,391. The nasdaq gained 16, s p 500 basically fact. Smallest point decline for the s p since august 2012. For the week all the major averages rose 2. 5 or more. And as bob fasani explains there may be a key milestone for the market. Reporter this was an important week. Going into monday we had a oneday rally going. The s p 500 was still down about 9 for the year. The trend was down. Four trading days later the s p is up nearly 3 for the week. And the shortterm trend is sideways. Thats an important change. And its been notable bounces in the most beatenup groups. Old school tech names like hewlettpackard, ibm, cisco, had notable bounces and big global industrials like Northrop Grumman and Illinois Tool Works up 4 , 5 for the week, outperforming the m
The shares fell for the Third Straight year to the lowest level in 30 years, this all according to the National Association of real tors annual survey. Just 32 of buyers were firsttimers and historically that share is about 40 . Firsttime buyers surveyed said all forms of debt had delayed their saving for a down payment by a median of three years and for those who had the hardest time saving, more than half said it was Student Loan Debt that was the culprit. Another change in buyers, the realtors found 30 of surveys found the primary reason for buying was the simple desire to own and thats up from 24 in last years survey. When you break out firsttime buyers, the jump more significant. 64 said it was that desire to own up from 53 a year ago. The desire for a larger home or a job relocation were a distant second and third reasons for buying. And this comes as the nations Home Ownership rate still sits at the lowest level in half a century. There was no change in the share of Multigenerat