KQED Nightly Business Report May 17, 2016
On wall street and driven by two very familiar factors, oil and apple. The combination lifted the Dow Jones Industrial average 175 points and closed at 17,710. Nasdaq added 57 and the s p 500 gained 20. Lets focus first, though, on oil prices which rose to 2016 highs because of some production outages globally and because of an upbeat forecast from Goldman Sachs. One of the most active banks in commodities. Jackie deangelis his more. A new order called for by Goldman Sachs. Are the bears on wall street starting to get bullish . Goldman changing the price target to 50 a barrel. Goldman was one ...