Gained 123 points, an alltime high, the s p climbs and the nasdaq climbs 1. 10 remind us why we stay in stocks for the long time. Every day were bombarded by negativity on a daily basis. This market has no real champions, despite its record shattering performance i know its hard to stick wit. Too many people come on to try to scare you just when you think the stocks have to go down for the count because of the alleged transgressions say of the sons of the father or at least Donald Trumps son, or janet yellen may say the wrong thin or because north korean missiles are pointed towards the aleutians, we get a day like today, where hopefully you can remember that sometimes things can work out for the bulls. What triggers this rally there are a variety of factors we had yellin telling you a good story of growth. We had a big dip in Interest Rates which reminds us there are higher yielding stocks that arent worth throwing away we had rumors that the president s chief economic adviser gary co
Five 5 00. We could have wind gusts of 45 Miles Per Hour and what that wind will do is pull down some very cold air so a freeze watch has been posted. 11 oclock saturday until 10 oclock sunday so you know the drill. If you have any outdoor plants you do want to cover them up on saturday night because it is going to be very cold. Ill talk more specifically about how much snow to expect where you live coming up in there full accuweather forecast. Rick. All right cecily. Thank you. Of course with snow in the forecast this weekend, believe it or not, stay with 6abc. Com weather and storm tracker6 live radar for the very latest and be sure to follow the members of our Action News Weather Team on facebook and twitter for updates. All right. And now our big story, tens of thousands celebrated the villanova wildcats historic ncaa championship this afternoon. The villanova victory parade ended a few hours ago. Thousands of fans wearing blue and white lined Market Street in center city. The Mens
Were taking a look at how the president ial cycle affects the stock market. Is this something you closely follow scott . Not as a trader on a dayto day basis but if you look historically dating back probably 7080 years, this actually does make sense. There is absolutely a pattern to how the market works during the cycle. You look at it and the year before the election and the third year into the president ial cycle have historically been the two best years of the cycle to be in the market. Not only on the upside but also those are the years with the least amount of decline. That makes sense. You havethe year before the president takes office, its election time and everyone is positioningboth democrats and republicanswhat theyre gonna do for the economy, what theyre gonna do for taxes. Its more of a feel good issue. Once they get into Office Things seem to calm down a bit. In fact, the first and second years after the president being in office are historically two of the least advantage
Quarter rose at its fastest pace in 3 and a half years. And in another split, new home starts fell in december but, were up for all of 2013. All of this resulted in, well, a split close in the markets. The dow closed up on friday while the nasdaq and s p 500 finished lower. Gold took a 13 dollar an ounce leap and oil futures closed friday at a 2 week high, just over 94 dollars. Traders are still digesting the impact of the president s announcement that he will limit the vast sucking up of data of our phone calls. Intel is cutting jobs. The pc maker says it will fire 5 of its workforce as it transitions into new markets amid a slowing pc market. And freedom industries, the company that fouled the water supply in charlston west virginia. Also still it has filed for bankruptcy. The chapter 11 filing estimates the companys debts to be around 10 Million Dollars. The Chemical Spill caused 300 thousand people to be without water for several days. Lets find out now what this holiday shortened