KQEH Nightly Business Report July 31, 2014
The economy grew at a 4 annual rate last quarter bouncing back nicely from the sharp winter contraction but it put market watchers on edge. Could a strengthening Economy Force the Federal Reserve to act sooner rather than later. The prospect of higher Interest Rates sent stocks lower and few direct hints were given. Feds fatigue set in and that sent traders to the sidelines. By the close the dow fell 32 points to 16,880, the nasdaq helped by strong twitter results, rose 20 points to 44. 6 and s p 500 had a fraction l gain. Steve liesman has more on todays fed meeting and what may come next. Th...
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