KQED Nightly Business Report September 20, 2016
Early on the blue chip dow index rose triple digits but the gains were cut in half by midday only to rise again and drift down into the close. On the day the dow jones indu lost three points to 18,120. The nasdaq was down nine. The s p 500 fell a fraction. A jump in the price of oil and a strong report on the Housing Market. But when oil turned, so did stocks, making it clear that the price of crude matters now more than usual. Oil prices settled slightly higher as they hold out hope for a deal to freeze production. The strong Housing Market saw confidence with Home Builders rise to the highes...