KQED Nightly Business Report January 9, 2016
Unexpectedly rosy jobs report could turn the tide. More on jobs in a moment. The story today, as it has been all week, was the stock market. Today was bad, the week worse, historically so. In fact, the s p 500 lost nearly 1. 1 trillion in market value over just the past five sessions. This was for stocks the worst first week of a trading year ever. Today the Dow Jones Industrial average gave up 167 points to finish at 16,346. The blue chip index actually started the day with a tripledigit gain. The nasdaq dropped 45. The s p 500 slipped 21. And for the week, the three major averages fell 6 or ...