KQED Nightly Business Report January 29, 2015
Earnings oil prices and Interest Rates mean for equities. Stocks blazed hire earlier in the day. Yesterdays blowout numbers from apple, the falling price of fuel. Black gold sapped the rally. And then there was the fed. It did nothing leaving rates unchanged. It said a lot sort of. The economy is solid. Inflation is very weak. The feds said it will remain patient about raising Interest Rates. With that money zipped out of stocks and into bonds. Heres how the major equities looked at close. The nasdaq down 43 and the s p 500 lower by 27. U. S. Treasury prices by contrast sored as yields moved l...