Output. Neither confirmed the story but if true, it would be the first step in curbing production thats resulted in a glut of oil worldwide, created chaos in certain stock markets, hurt commodity dependent economies. The hopes of a a deal sent rices up. The rise in oil lifted stocks. The dow jones gained 164 points to 17,721. The nasdaq added 38. The s p 500 was up 19. Jackie takes a closer look at the oil rally and whether the historic low prices may soon be a thing of the past. Reporter a spike in oil prices based on optimism, produces will come to some accord. A Russian News Agency out with headlines saying the saudis and russians agreed in principle head of a freeze. The data has been on the calendar for skeptics point out wont freeze without them joining in. What happens next . Difficult to say but the excitement was enough to push them to a key level to even further gains. The wild card is what will opec do and the producing nations. Will there be collaboration to increase limit
Output. Neither confirmed the story but if true, it would be the first step in curbing production thats resulted in a glut of oil worldwide, created chaos in certain stock markets, hurt commodity dependent economies. The hopes of a a deal sent rices up. The rise in oil lifted stocks. The dow jones gained 164 points to 17,721. The nasdaq added 38. The s p 500 was up 19. Jackie takes a closer look at the oil rally and whether the historic low prices may soon be a thing of the past. Reporter a spike in oil prices based on optimism, produces will come to some accord. A Russian News Agency out with headlines saying the saudis and russians agreed in principle head of a freeze. The data has been on the calendar for skeptics point out wont freeze without them joining in. What happens next . Difficult to say but the excitement was enough to push them to a key level to even further gains. The wild card is what will opec do and the producing nations. Will there be collaboration to increase limit
Averages. Housing stocks surged last month and earnings went through the roof at home depot making it the best performing stock in the dow today. Well have more in just a moment. Encouraging news about inflation. Consumer prices rose 1 10th of 1 in july, this is the slowest gain since february. A sharp drop in gasoline prices offset a rise in food costs keeping inflation in check. By the closing bell, the dow was up 80 points, the nasdaq rose 19 and s p added nearly ten points and is just a half a percent high of the alltime record close. More now on the rebound in new Home Construction last month. It shot up nearly 16 , the most new Home Building since last november. With construction of Single Family homes and multi family units both up sharply, now, even though housing stocks surged in july, all housing data are not equal in the current recovery. Diana olick explains why. Reporter it was a welcome surprise from the builders, Housing Starts soaring nearly 16 in july from june, it was
Averages. Housing stocks surged last month and earnings went through the roof at home depot making it the best performing stock in the dow today. Well have more in just a moment. Encouraging news about inflation. Consumer prices rose 1 10th of 1 in july, this is the slowest gain since february. A sharp drop in gasoline prices offset a rise in food costs keeping inflation in check. By the closing bell, the dow was up 80 points, the nasdaq rose 19 and s p added nearly ten points and is just a half a percent high of the alltime record close. More now on the rebound in new Home Construction last month. It shot up nearly 16 , the most new Home Building since last november. With construction of Single Family homes and multi family units both up sharply, now, even though housing stocks surged in july, all housing data are not equal in the current recovery. Diana olick explains why. Reporter it was a welcome surprise from the builders, Housing Starts soaring nearly 16 in july from june, it was
Scientists have long studied how near-infrared light bounces off forests and grasslands, as a proxy for plant health. Now, an artist is using the same trick to turn the Joshua tree into an instrument.