KQED Nightly Business Report December 19, 2015
Across the globe continued to digest the Federal Reserves rate hike and tried to figure out what this new rising rate environment may mean for businesses and consumers. The Dow Jones Industrial average sank 367 points to 17,128, its lowest close since october. The nasdaq fell 79. The s p 500 dropped 36. A decline in crude prices didnt help the Broader Market either. Oil futures fell 22 cents to settle at 34. 73 a barrel after data revealed a climb in the number of active oil rigs for the first time in five weeks. And investors flocked to safety, sending bond Prices Higher and yields lower. For...