KQED Nightly Business Report July 12, 2013
Nightly Business Report for thursday, july 11th. Good evening everyone. A day of milestones on wall street today. Stocks surged and the major averages hit new records thanks to a broad based rally. All ten of the s p 500 sectors were up. What happened . All it the ben bernanke rally. Investors were inspired to buy stocks this morning following news we told you about last night, the fed chairman saying the central bank will continue its easy money policies. Why . Because bernanke says the weak u. S. Economy still needs help. The buying was explosive. The dow soared 170 points closing at 15,460 ...