KQED Nightly Business Report August 22, 2014
The s p 500 hit a new record, points away from the 2,000 milestone and the blue chip dow closed above the key 17,000 level for the first time in a month. The mood on wall street was positive as investors and market pros are feeling confident that the Federal Reserve chair janet yellen will continue to call for low Interest Rates tomorrow when she addresses policy makers in wyoming. More on that in a moment. Adding to the upbeat mood, a bach of encouraging news about the u. S. Economy. Fewer americans filed unemployment claims. Existing home sales rose more than expected and a key report on fac...