KQED Nightly Business Report January 15, 2016
Jpmorgan issued upbeat results. By the close, the Dow Jones Industrial average rose 227 points to 16,379. It had been up more than 300 at one point. The nasdaq gained 88, the s p 500 reclaimed the 19 hubz level rising 31. Bob pisani now with more on todays comeback and why investors shouldnt breathe easy yet. The joke has been wall street is selling stocks to play the lottery. Now that the lottery is over, the markets rallied. First jpmorgan had a strong Earnings Report preopen. Futures did rise. Second, oil staged a sharp rally right after stocks opened. Finally and perhaps most importantly s...