midland, texas. battered and bruise but ready to break out. our market monitor has a list out of favor stocks he says may be ready to turn. all that and more tonight on nightly business report for friday, december 19th. good evening, everyone. make it three in a row. stocks rally for the third straight day closing out with the biggest weekly gain since october. investors are feeling confident ever since federal reserve policy makers say they re holding off on raising interest rates and that confidence fuels more buying an wall street today. the s&p 500 rose 3.5% this week and is just five points away from breaking through its all-time record high. for today, the dow rose 26 points. the nasdaq gained 17 and s&p added 9 points. for the week, the dow was up 3%. the nasdaq rose almost 2.5% and just mentioned, the s&p moved higher by nearly 3.5% the markets were a huge story this week but today from hollywood to fbi headquarters to the white house, the story everybody wa
ever today and it closed above that milestone too. sprinting from 17,000 to 18,000 in just 119 trading days. now, that s fast but not the fastest move, not by a long shot. back in 1999, the dow jumped a thousand points in 24 trading days. why the big spike today? you can thank the bold, burly u.s. economy. we learned today it grew at a 5% annual pace in the year recorded. that s the fastest quarterly growth rate in 11 years. consumers are feeling good. one measure of sentiment clocked in today at 8 year high and growth of personal spending doubled in november from october. with that encouraging news about the u.s. economy, here s a look at the final tally on wall street today. the dow off its high at the session but still jumping 64 points for that new record high of 18,024. nasdaq though, down by 16 on a pullback in biotech stocks and the s&p 500 added three, settling at its own record close of 2082. that s the 51st all time closing high this year. stocks have been notchin
tensions boil over in missouri involving another police shooting. an 18-year-old pointed a gun at an officer and the officer shot and killed him. i think i see the tornado. at least four people are dead. thousands without power. i prayed like i never prayed. several homes were damaged in louisiana and mississippi. more severe weather expected to complicate travel. president george bush is in the hospital after suffering shortness of breath. sony pictures makes an about-face deciding to release the interview on christmas day in select theaters. santa coming early to wall street. the dow closed above 18000 ever. some of the guys think it s going to 20. passengers getting a scare when two jets collided on the tarmac at laguardia airport. two people rescued by helicopter after being trapped in a river in northern california. neither suffered any injuries. all that. a man almost drown drinking eggnog. all that and all that matters. all systems a
midland, texas. battered and bruise but ready to break out. our market monitor has a list out of favor stocks he says may be ready to turn. all that and more tonight on nightly business report for friday, december 19th. good evening, everyone. make it three in a row. stocks rally for the third straight day closing out with the biggest weekly gain since october. investors are feeling confident ever since federal reserve policy makers say they re holding off on raising interest rates and that confidence fuels more buying an wall street today. the s&p 500 rose 3.5% this week and is just five points away from breaking through its all-time record high. for today, the dow rose 26 points. the nasdaq gained 17 and s&p added 9 points. for the week, the dow was up 3%. the nasdaq rose almost 2.5% and just mentioned, the s&p moved higher by nearly 3.5% the markets were a huge story this week but today from hollywood to fbi headquarters to the white house, the story everybody wa
and it s friday, mark shields and david brooks are here, to analyze the week s biggest news developments. those are some of the stories we re covering on tonight s pbs newshour. major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. lincoln financial committed to helping you take charge of your life and become you re own chief life officer. and with the ongoing support of these institutions this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. woodruff: president obama said today that the united states would respond proportionally and at time of its choosing to the cyber attack on sony pictures entertainment. the f.b.i. confirmed this morning that north korea was behind the attack on the company. mr. obama spoke on that and other issues, at a year-end news conference. all i want for xmas is to t