KQED Nightly Business Report December 7, 2013
Friday, december 6th. Good evening everyone. It looks like good news for the economy is finally good news for wall street. Stocks rose sharply because of a super strong jobs report. American businesses added 2,300 jobs in november, much more than expected, and the nations Unemployment Rate fell to 7 even, thats a fiveyear low. The rally was broad base with all ten sectors of the s p 500 index on the plus side. Todays gains come after five straight losing sessions on fears that a stronger economy would be the cat list for the Federal Reserve to cut back on the stimulus plan. Now it looks like i...