Perception that the fed is going to be more aggressive and stocks are going up. It is also a strange world because that perception has not change between yesterday and today. Stocks moved kind of sideways yesterday and they are rallying strongly today. Major can see, all three averages are pretty much at their highs of the day. The nasdaq has been leading the way because of strength and Technology Shares today. It is a cyclically led rally today. Though sectors most formidable to an economic recovery, so another words, if the us economy is recovering enough so the fed can raise rates, that is the perception driving stocks higher today. Making new highs gradually, just a gradual trend upward as it is up by 1. 3 . Software stocks have been doing well with and technology. Microsoft leading the way after upgrading shares to outperform at callan. Traders overreacted to the companys last trading report, but things are not going poorly at microsoft. Adobe in Electronic Arts are also on the ri
Were supposed to be here this afternoon. Reporter Mary Ellen Foley overcome with emotion upon arriving to see her beloved American Legion post 396 destroyed. Shed been coming here for 25 years even planning a Surprise Party here next month. The uniforms of the men and women who served in our armed forces for many, many years, and the pictures and the medals, things that cant be replaced. Reporter eyebrows raised, of course, as an American Legion post goes up in flames on memorial day. The fire marshal, atf and police all here now looking for a cause but wont speculate. Fire cause is still under investigation. It will be awhile before we can even get inside that building. Reporter jones was driving by and recorded this video from her cell phone as firefighters had just arrived. The smoke was so black and thick with the flames you could feel the heat actually. Smoke first and then as soon as we made the right to come into this part, all you seen was flames. Reporter despite battling the
Reality day. First were looking at last two hours watching the last of this batch of rain, move through, and then the cold front comes through as well, so that is what is happening, and it looks like we just after a i few left over cloud, and a couple of left over showers, down in kent county in delaware. So we will be Getting Better to day. 71 degrees, 5 miles an hour wind, and 87 percent relative humidity 567 89 35 is your sunrise time. Other temperatures, 59 in mount pocono, mild 07 in trenton. We have 65 in lancaster. We have 68 in millville and 70 in wilmington. So it is another sticky, mild start to the day, the dryer air hasnt settled in yet. Most of the wind are coming out of the south but look to the north and see change starting with a westerly wind and eventually a northwesterly wind that should take away that humidity as we go through the day. We will keep a eye on visibility. We have some fog that settled in millville and in wildwood, and again, with all that moisture in t
Happening right now, a massive fire tears through American Legion post on memorial day. On memorial day, its just devastating. Now investigators are looking into what might started it. Good evening, and thanks for joining us. Im iain page. Im lucy noland. American legion post 396 more than just a place for veterans to gather it is a cornerstone of the community ton night it is in ruins. Fox 29s brad sattin in bridesburg where firefighters it took them hours to get this thing under control. Brad . Reporter it did, lucy. A lot of tears shed here tonight on the 2300 block of orthodox. Fire breaking out a little after 2 00 oclock this afternoon. We have been here ever since along with about 100 firefighters and initially called to battle this blaze. Some of them as you see are still here on the scene. A cause of the fire at this American Legion post on memorial day still undetermined tonight. Were supposed to be here this afternoon. Reporter Mary Ellen Foley overcome with emotion upon arri
Temperature in philadelphia, it is 71 degrees, still muggy with 87 percent relative humidity and 5mile an hour breezes coming out of the south, southwest and we will tell you when air comes out of the south or southwest it is usually warmer and more humid then northerly breezes but we will seal things change. We have temperatures to the 60s to the north of us, muggy 70s to the south, 68 Atlantic City. Sixtysix in millville. Through can see win direction has change in mount pocono and allentown and eventually from north west to south east we will see that dryer air move in but it will take a while. Everything is moving sluggishly. Watching fog in millville, new jersey, wildwood, Atlantic City, it looks like right here on the southern tip of new jersey we are seeing fog and that is about it for new but with all this moisture left over from all of the rain that fell yesterday, we are seeing some areas of fog this morning. Sunshine takes over, very warm, humidity drops by end of the day an