ON AIR NOW

America in the Morning

5:00am - 6:00am

Contact
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."

Read more:
 

Hide Comments

News
Traffic

 

 

  • NE 27th Street between NE Butler Market and Jill Avenue for roadwork related to roundabout construction, full road closure with detour, 4/13/20 - 7/27/20 
  • 15th Street between Knott Road and the new collector road for infrastructure installation, full closure of the roadway, 12/26/20 - 7/31/20 
  • Murphy Road between Brown Trout Place and Country Club Drive for roadwork related to Murphy Corridor project, bypass road constructed to provide Westbound/Eastbound traffic with minimal impacts to traffic, 4/17/20 - 06/12/20 

 

KBND ON FACEBOOK
 
FOLLOW US ON TWITTER