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KQED Nightly Business Report September 12, 2017

Sending the s p 500 to its 31st closing report of the year. All three maid indexes rallied more than 6 . Why the optimism . In part because Hurricane Irma delivered a less forceful than expected hit on florida. And concerns over New York New York eased as well, at least for now. Lets got to the numbers. The Dow Jones Industrial average advanced 259 points to 22,057, biggest oneday gain in six months. The nasdaq added 72, and the s p 500 gained 26. Bob pisani has more on the rally from the floor of the nyse. Reporter the markets returned to rally mode and a number of factors contributed. First, while the damage from irma was extensive, it wasnt as catastrophic as feared. Second, there will be money for rebuilding. Th may be the ultimate fallout from harvey and irma. It may shift washingtons focus to more fiscal s ....

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