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George Noorey
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George Noorey
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Business News


he Dow Jones Industrial Average climbed 136 points, or 0.89%, to 15326, the S&P 500 gained 5.1 points, or 0.31%, to 1689 and the Nasdaq Composite dipped 4 points, or 0.11%, to 3725.

Wall Street has been fixated with developments on the Syria front in recent days. A diplomatic solution that could stave off U.S. military involvement solution emerged early in the week, which sent stocks zipping higher.

President Barack Obama reaffirmed those plans late Tuesday in an address to the nation in which he asked Congress to hold off on a vote authorizing military action.

Traders had a bullish reaction, saying they expected Wall Street to continue its move higher.

"The big market takeaway is that the risk of an imminent attack on Syria continues to recede," Dan Greenhaus, chief global strategist at BTIG told FOX Business on the heels of President Obama's address. He added that "all else equal, that's a positive for markets."

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Traffic & Weather

 

 

 

King Solomon Lane closed between Ferguson Road and King David. (7/25)

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

Oregon State University off-site improvements for intersection reconstruction, July 11 – August 3,    7 a.m. – 4:30 p.m., at intersection of Chandler Avenue and Yates Drive.

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 

R.A.B. Construction:

 

Murphy Road and Parrell Road closed with detours. (9/30)

 

Powell Butte Highway at Neff and Alfalfa Market Roads (8/31)

 
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