KQEH Nightly Business Report May 30, 2014
Nightly Business Report for thursday may 29th. Good evening, everyone, and welcome. Stocks rose again today with the s p 500 ending at yet another fresh alltime closing high. And the dow, within 17 points of its own record high, this happening despite the numbers showing this year. The Gross Domestic Product showed a must worse is decline with the wicked weather getting much of the blame. But wall street was unfazed. Stocks got a big boost in jobless claims last week which are now back at prerecession levels and there was also a modest pending home sales in april. That was the second monthly i...