Making news as we head into a new week on the money. Ben bernanke gave the markets what they wanted to hear in a question and answer session after a speech this week, bernanke said that the economy is still not Strong Enough to support higher Interest Rates. Highly accommodated policy is what is needed. The s p 500 closing in record territory on thursday. The markets having the best day in about a month. And the nasdaq hit a 13year high as well on friday. Earnings season kicked off with a bang this week, two major banks, Jpmorgan Chase and wells fargo coming in ahead of expectations. And alcoa as well. Gas prices are about to spike in prime driving season. Expect a jump of . 10 to . 20 a gallon, the oil prices are rising due to issue in the middle east. And William Lynch resigned after an announcement of the loss after the announcement of the ereader. We saw the kick off to the Second Quarter earnings season as well, and so what did it mean for your money and the markets Going Forward
Takes to keep your portfolio well diversified. We have all that and more tonight on nightly Business Report for monday, july eighth. Good evening, everyone, and welcome back from the long weekend. We begin tonight with a history lesson. 81 years ago today stocks hit rock bottom, on july 8, 1932, the dow sat at 4122. Not 4,000 but 4122. A nyse low. Today stocks turned in their third winning session in a row. The dow closed at 15,2 4. Share volume, 3. 5 billion shares. There wasnt much news to propel stocks today. Members conjured members of fridays jobs report. And the dow off its high for the session shot up 89 points, the nasdaq added 5, the s p 500 was up 8. The russell 2000 index of smaller stocks closed at a record today of 1009. Excluding special items, alcoa beat analysts estimates. The edged forecasts by a penny, it saw a slight beat on revenue two. Even though sales were down a little bit compared with last year. Despite a weak aluminum prices, alcoa benefited from increased de
Here is a look a what is making news as we head into a new week on the money. Ben bernanke gave the markets what they wanted to hear in a question and answer session after a speech this week, bernanke said that the economy is still not Strong Enough to support higher Interest Rates. Highly accommodated policy is what is needed. The s p 500 closing in record territory on thursday. The markets having the best day in about a month. And the nasdaq hit a 13year high as well on friday. Earnings season kicked off with a bang this week, two major banks, Jpmorgan Chase and wells fargo coming in ahead of expectations. And alcoa as well. Gas prices are about to spike in prime driving season. Expect a jump of . 10 to . 20 a gallon, the oil prices are rising due to issue in the middle east. And William Lynch resigned after an announcement of the loss after the announcement of the ereader. We saw the kick off to the Second Quarter earnings season as well, and so what did it mean for your money and t
Why street funds might be all it takes to keep your portfolio well diversified. We have all that and more tonight on nightly Business Report for monday, july eighth. Good evening, everyone, and welcome back from the long weekend. We begin tonight with a history lesson. 81 years ago today stocks hit rock bottom, on july 8, 1932, the dow sat at 4122. Not 4,000 but 4122. A nyse low. Today stocks turned in their third winning session in a row. The dow closed at 15,2 4. Share volume, 3. 5 billion shares. There wasnt much news to propel stocks today. Members conjured members of fridays jobs report. And the dow off its high for the session shot up 89 points, the nasdaq added 5, the s p 500 was up 8. The russell 2000 index of smaller stocks closed at a record today of 1009. Excluding special items, alcoa beat analysts estimates. The edged forecasts by a penny, it saw a slight beat on revenue two. Even though sales were down a little bit compared with last year. Despite a weak aluminum prices,
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