KQED Nightly Business Report January 30, 2016
Turbulence and transition, defying neat explanations. Polar vortex . Not this year. Bipolar market, you bet. That pretty much explains january. On this final day of trading for the month stocks in a deep funk for much of january, roared higher. Dow jones industrial average rallied 396 to 16,466. Good for the indexs best percentage gain since august. The nasdaq climbed 107. The s p 500 gained 46. Todays drivers were an Interest Rate cut in japan and weaker than expected Economic Growth data in the u. S. Taken together those two factors suggest that american Interest Rates may move little, if at...