>> well, again we follow the dow theory and the dow theory looks at the performance of the dow jones industrials and transportation. the theory has been saying that this is a bull market but to reconfinger that, what i -- reconfirm that is i need to see the dow jones industrial average go above its mid february highs of around 12,400 and on the dow transports just a hair below 5300. we're real close. my guess is it will happen but that's really what we need to see closes above those mid february highs to reconfirm this trend. >> tom: we're just on the eve of earning season so that's kind 069d technicals of the market. what about the fundamentals, are you still hopeful the corporate earnings this year are going to outgrow expectations and provide that growth boost that equities are looking for. >> i think they will. again when i look at the free engine's stock market performance especially corporate profits, i think those things are still net bullish especially on the corporate profit side. we're going to get a good view of that coming a up in about three weeks and it will be interest

the dow's weakest stock today-- intel. analysts at nomura securities raising red flags about weak p.c. demand. they cut its rating on intel from buy to neutral. and finally, netflix was the standout to the upside. analysts at goldman sachs setting a $300 per share price target. netflix shares spiked almost 8%, or $15.91 to close at $217.11. a report from trade group n.p.d. shows netflix has a sizable lead in market share for movie downloads. and that's tonight's "market focus." the u.s. government is open for business-- at least, for another few weeks. the house of representatives okayed today a plan to keep the feds operating through april 8. that extension cuts $6 billion from the budget. but the house and senate are still fighting over a long-term spending deal. house speaker john boehner wants to bring fiscal responsibility back to washington. >> why can't the senate show us what they're capable of producing? i don't know what that number is, and when we get that number, we'll have a better opportunity to have real neg

as it all signs up there are the dow property again the sold out property. dioxin is a molecule it's a byproduct of topical processing it is a known carcinogen alvord will dispute that dow has been able to manufacture so much uncertainty about this chemical that if you look around the west rest of the world nobody else is debating the toxicity of dioxin except here and michigan. in fact one false toxicologist in the nineteen seventies said that this is perhaps one of the most toxic materials he's ever seen. why do you think the disputed now. because there's the financial implications are you know there's the pending class action lawsuit against the tropical from residents on the river. and i think the implications for. denying the touch the sea the chemical now has bigger broader implications worldwide i mean there are a lot of dioxin contaminations around the country that you know not that not just i was responsible for that could be saddled or you know could have have ramifications from the subtle matter of being in on the toxicity of dioxin or on the some

market pro phil dow says the big rally in small names is over. he think it's time to think larger, as in large caps. >> longer term, if we're in a general global economic recovery with years of better earnings ahead, my guess is large cap is the place to be right now. >> reporter: so what could spell trouble for these still attractive areas of the stock market? you guessed it-- higher oil prices. if crude oil spikes up another $20 or $40 a barrel, experts say investors will shun all segments of the stock market. suzanne pratt, "nightly business report," new york. >> tom: after a small dip this morning, the major stock indices roared ahead as oil prices dropped a fraction from their recent high. bank of america was a big part of the jump for the dow jones industrial average, and for making the financial sector the best sector today. shares rallied almost 5% on huge volume. the bank held its first investor day today since 2007. c.e.o. brian moynihan calls it a new era for the bank. in addition to pledging no more mergers and a return to dividends,

the dow is down 250. >> darya: 7:05 a.m. another store we are following today is the day that teachers in california will receive layoff notices in the bay area teachers and parents are taking part in protest kron 4 is will tran is a live in union city where there is a press conference under way. >> will: you can see they have wrapped up the news conference. the reason they brought out the band, is because a lot of teachers will be laid off and extracurricular activities will milan during this test. not to mention this library which opened up recently, they spent millions of dollars on it. unless they get money for that this facility will be closed in the fall. behind the numbers are the teachers. the final decision, and in may. this is the second year for you your reaction to being laid off possibly get? >> it is a lot harder this year as we are expecting our first baby. it is very difficult to think of not be up to provide for her when she comes. it is a tough situation to the end. >> will: did you think you would be back

for the week, the dow industrials fell 1.5%. the gains today and yesterday were not enough to make up for the losses earlier in the week. the nasdaq dropped 2.7% from a week ago. the nasdaq remains in negative territory for the year. the s&p 500 fell 1.9%. consumer staple stocks were the biggest drag on the index this week. leading the sector gains today, financials. this e.t.f. bounced more than 1% with volume triple its normal pace. big banks took the lead after the federal reserve gave many of them its blessing to hike dividends and start stock buy- backs. as darren reported earlier, j.p. morgan was among the first to announce a dividend increase and stock buyback. j.p.m. led the dow industrials with this 2.7% rally. it brings the stock back to where it was trading a week ago. other banks stocks jumping-- sun-trust up almost 5%. goldman sachs up almost 3%. bank of america shares, though, were up just a fraction. it did not request permission from the fed to raise its dividend. caterpillar continued adding to recent gains. we'

caterpillar led the dow lower today, sliding almost 4%. 3-m dropped more than 3%. energy was the weakest sector. the energy select e.t.f. continues to fall on this 180- session chart. prices are down more than 6% from last week's high. and we continue to see money come out of coal stocks. peabody energy was among the weakest today, falling almost 6%. after more than doubling from its june low, b-t-u is down more than 12% in a week. lower energy prices didn't help g.m., as shares closed at their lowest level since its i.p.o. chief financial officer chris liddell is leaving after just 14 months. he had been seen as a possible c.e.o. candidate. classic defensive areas didn't necessarily see buyers. gold fell more than $17; silver fell from its recent generational high; and utility stocks dropped. there were bond buyers, though. the yield on the ten-year government bond fell below 3.4%, it's lowest since late january. as yields drop, bond prices rise. biotech firm human genome sciences bucked the weak stock trend, jumping 13% on huge volume. the fda okayed its drug to

the dow leader this month was disney. over the past month, it's up 12.5%. nice move for the house of the mouse. let's roll out the past year and the trend is clear: higher prices. last night's oscar broadcast on disney's abc television network saw a ratings dip, but the show sold out its ad time. and disney's own "toy story 3" was a oscar winner and a huge winner at the box office, bringing in more than $1 billion. now the worst dow stock over the past month was cisco, sliding more than 12%. this drop in early february came on a weaker-than-expected outlook. here's the past year of cisco, we can see it stair-stepping lower as its outlooks have been less than stellar and its margins have been shrinking. cisco sells its technology to telecommunication companies. and the telecom sector was one of the weakest this month, but today it was the best. verizon and qwest added about 2.5% each. pre-paid cellular provider metro pcs is at a new 52-week high. a deal in health care, with real estate firm ventas continuing its expansion by buyouts. it will take over nation

meantime, drug giant pfizer was the best dow stock this week. despite this fractional loss today, the stock was up 4% this week and hit a new 52-week high yesterday as big healthcare has staged a comeback. in fact, the healthcare sector was the best performing sector today. following-up on the employment services stocks we mentioned last night. some of the gains ahead of the jobs data did not hold. robert half, s.f.n. and manpower dropped by at least 1% each. online jobs site monster worldwide saw stiffer selling off more than 6%. this is the past 90 sessions. this drop in january came when monster missed earnings estimates and had a disappointing outlook. today, investment bank william blair cut its opinion over worries about monster losing market share. alcatel-lucent continues its recent climb. shares have really ignited in the past month, moving from $3.50 in early february, when it announced strong fourth quarter results to over $5.60 tonight. volume was very strong as well. and on the heels of strong factory orders in january for manufactu

over the past 24 months the s&p has nearly doubled in value while the dow has surged 87%. that means retirement accounts, mutual funds and other investments are posting strong returns. yes and he passed 500 you could see the debt the market took in march 2009 when stocks plummeted. the rebound has been impressive. although the markets have yet to regain the levels seen before the recession. they expect the rally will lose steam at some point this year. if you can catch up on this run that you may have a good opportunity to buy in the future. >> when the dow was below 10,000 and you hear their market to, back up the truck and load up on stocks. >>reporter: others say they will continue to run that the average market what near last nearly four years. reporting live, kron 4 news. >>catherine: stocks closed just barely lower today the dow down one. and the nasdaq was down 14. it's the to your of the bull market what you see >>rob: i feel bad for people who sold in the last two years and people who sold in january 2008. now warner market that no longer is cheap now or were abou

the year's most heavily traded session left the dow close to even for 2011.ll 30 dow stocks fell and all ten company groupings on the s&p 500, the basis for most u.s. mutual funds lost ground. wall street's so-called fear index is up over 46% this week. fears drove investors to safer assets like bonds treasury prices jumped and the yield on the 10-year note briefly fell to the lowest level this year. and the bad news wasn't limited to japan. in february, new home starts posted their biggest drop in 27 years and permits for future building reached a record low. a day after reassurance from the fed that it expected inflation pressures to subside, february's producer prices showed the biggest surge in the last year and a half. food prices saw their biggest increase since 1974. jitters hit currency markets, as well. wednesday, the japanese yen hit its highest level against the dollar since world war ii. just how bad a day was it? a rare brokerage downgrade sent apple sliding for a second straight day, down a whopping 4.5% or about $14 billion in value. here is so

the dow closed at 12,213. naz dag fell 14 points to 2,752. what do investors think and where are they? for our answer, tom vacar. >> reporter: 2600 miles from wall street. today by the two year rise on the stock market, individual investors remain leerily. >> it's a little scary. we pay more attention and more cautious and, you know, it's coming back slowly but it's very slow. >> i am still, you know, trying to be positive but i am also skeptical. >> folks say the crash changed the way they invested. >> i changed around my -- the way it was mixed up, put a few more here and there. >> moved it around. and i chose not to put in more. more than our minimum. >> reporter: since the market bottomed out the dow is up 87%. the s&p up 95% and naz dag up 117%. nonenonetheless -- >> about the same, i think. which i guess is all right. >> reporter: an average 4o1k is worth 70,000. if you had that in the dow, you had under $32,000 by the time it hit bottom. today you are $10,000 behind. the same money in the nasdaq market saw you lose about the same, toda

it led the dow industrials too. tonight's close brings alcoa's price to within less than a dollar of a new high. gold miner newmont popped just over 3%. this is the past 90 sessions. hitting this low just a week it's been trending lower, hitting this low just a week ago. shares have rallied 9% off its low a week ago. fellow miner freeport mcmoran goes after both gold and silver, and copper. shares jumped 5% on heavy volume. shares had been trending lower since january, but with today's buying, they were able to break this trend of lower highs. one to watch. here's what's going on. freeport's c.e.o. said an improving u.s. economy is helping push up copper prices. copper jumped almost 3% today. silver is at its highest price since 1980, and gold closed just shy of a record high. gains were held in check by the financial sector, which was held down by bank of america. b. of a. was the biggest loser of the dow industrials, after acknowledging the federal reserve rejected its plan to increase its stock dividend. that rej

the dow fell almost 18 points, the nasdaq lost eight, and the s&p 500 was down four. trading volume was lighter-- 822 million shares moved on the big board, 1.7 billion on the nasdaq. as fighting in libya heated up, oil prices hit $104 a barrel. april crude futures rose $1.67, almost 2% higher, in new york trading. sky high oil prices and falling demand have delta airlines cutting flights. delta says it will cut capacity by 2% from 2010 levels as it copes with higher fuel prices, and as much as $400 million in lost sales in japan. and the federal reserve has cut its biggest annual check ever to uncle sam-- $79.3 billion. the payment to treasury for 2010 is up 67% over the prior year as the fed earned hefty profits on its chief bailout investment, mortgage backed securities. still ahead, it has been a year since historic health care reforms became law. we ask the c.e.o. of a major hospital group about how the reforms have changed business. >> susie: modest gains today in japan's fight to contain its nuclear crisis. power was reconnected to all six reactors at the fukus

and they are like how many dow want. you know-- next thing we know we're talking to eight different people. >> rose: you had a story. >> post collegiate waiters in salt lake city, most of them had been mormons. >> rose: so you decide to do it not in salt lake but in uganda. >> the first thing we talked about, the first time we met bobby, the first thing that came count of all of our mouths was joseph smith the musical. and following joseph smith from upstate new york to ohio and illinois and then eventually he dies there and the mormons make it salt lake city. and we just, we just started thinking we don't want to do a musical with covered wagons and that pioneer. we just don't want to do something. we wanted to do something more contemporary and got on to missionaries. because missionaries are how people-- that is a lot of people's first experience with mormons is they come to your door, ring your doorbell. and missionarieses have that job to tell you about mormonism. so that is how we got on this idea of doing somethin

the dow did have its best three-day run since september. the nasdaq added 48 points to 2692. >>> well, what's in a name? apple is suing amazon over its app store name so they think it is a lot. apple wants to trademark the app store in the u.s. the case is pending in court. the company says amazon is unlawfully using the name in connection to its app store developers portal and ads in the popular smartphone game angry birds. >>> well, honda is extending the shut down of the car and motorcycle plants in japan until sunday as it deals with a parts shortage in the wake of the disaster there. automakers are scrambling to find alternative part makers to replace the disabled workers from the earthquake and tsunami. they say production will only continue as long as their inventory lasts. it is going to be a continuing problem there, i think. >> for months and months. thank you, courtney. >>> meanwhile, christina has a look at the forecast. good morning, christina. >> good morning to you. probably a lot of angry birds because of the weather out the

but the dow yesterday added 95 points to close at 12,226. the nasdaq composite also added one to 2782. january and february were pretty good months all in all for wall street with the dow, the nasdaq and the s&p 500 all gaining about 3%. and if history is any guide, 2011 will be an up year for stocks. since 1940, scott i dusted off my economic textbooks. the dow closed out of the 26 times higher 25 times. so there you go. we are setup for a pretty good rest of the year. this is coming, though, as fed chairman ben bernanke testifies about the company before the senate this morning. he's expected to acknowledge things are improving but not enough to bring down unemployment. lawmakers are also likely to pepper him with questions about the impact of those spiking gas prices you were talking about just a second ago. >>> and news out of at&t, we are hearing they will start to sell the amazon kindle coming up this sunday, but unlike the iphone or other devices, you don't have to commit to a monthly data contract. there you go, sunday. monday is my

speaking of a dow industrial stock, watch walmart tomorrow. after the close, it hiked its annual dividend 21% up to $1.46 per share per year. the company says it has ample cash flow to pay the dividend, make acquisitions, and open new stores. will it be enough to kick-start the stock? shares were up 1% from this close after the announcement. shares have been falling as gasoline prices have been rising and a disappointing outlook for its u.s. sales. speaking of gasoline prices, check out this move in refinery valero-- almost an 8% pop. shares had been under pressure for two weeks over higher oil prices crimping profit margins. employment service firms also rallied nicely ahead of tomorrow's february jobs reports. robert half was up 5%. sfn gained almost 5%. manpower added more than 3.5%. a promising diabetes drug from eli lilly, amylin and alkermes may not be so promising. tests on the medicine taken weekly failed to show it's as good as a different treatment taken once a day. amylin saw the brunt of the selling, losing a quarter of its value.

>>mark: the dow is up. mainly, on board of a cease- fire. it is lighting up with the dell and making up for any losses. new this morning, stanford university is proposing a new campus. it was a request from michael blumberg. he it hopes its will bring more technology firms to york city. it could cost up to $1 billion to build and would have lost 2200 graduate students. have you seen the full moon? is bigger and brighter. the official full minute is tomorrow. is the biggest move in two years. it happens when the man had the closest spot in orbit. people appear larger and brighter if we can clap trap by clumps of it tomorrow night. if you miss the you will need to wait till 2029 to see again. >>pam: will be right back. here is a live look out side at the next cabinet. and that are coming at that time

dow dropping significantly. not surprising because right now across europe the major market indexes there are down 3% and 4%. and of course the fall of japan's losing about 17% in the last two days. so a lot of uncertainty of how long this is going to take, the businesses that will be effected. >> right. >> how that will impact the global economy. again, dow down 157 points and we'll keep watching. >>> we'll go ahead and say good morning to you. thank you for joining us here on the ktvu morning news tuesday march 15th. i'm dave clark. >>> good morning. i'm pam cook. time now is 6:30. >>> right now today in japan a nuclear safety official said the water that's inside a waste fuel storage pool at an earthquake damaged nuclear plant may be boiling. and that is causing real concern because the water is supposed to be kept cool. that storage pond is where there was a reactor fire that released elevated radiation into the atmosphere. 140,000 people who live within 19 miles of that nuclear power plant have been told st

the dow closed up 67 points to hit its highest level in two weeks. while the nasdaq gained 14. >>> the disaster in japan is forcing toyota to slow its production here in the u.s. the world's biggest automaker told employees and dealers wednesday that due to supply disruptions from asia, it expects to halt production at some u.s. factories. the company did not indicate the size or pace of the slowdown, but it is expected to be somewhat limited since most toyotas made in this country use parts made in america. >>> new worries this morning about the housing market, after sales of new homes fell to the

the dow is down about 184 points.q 50 at 2700, there have been a lot of reasons why there's been some pretty poor performances in the markets overnight, weak u.s. data coming out mainly the unemployment numbers for last week apparently new applications are much higher than wall street was expecting. we will keep an eye on it. >> darya: oakland school board has voted to send out more than 500 layoff notices to teachers to deal with at $12 million budget deficit nearly half of the layoffs are going to get into to hundred and 31-victory teachers english, social studies, p e are among the hardest-hit they go up by march 15th, it will be months before those teachers will know if they have a job or not because of the uncertainty surrounding the budget. jackie sissel is live waiting to talk to parents, teachers about these pink slips. >> reporter: i am here are, in oakland. you talked about the unprecedented numbers to 31 layoff notices went out to teachers this is a school that is obvious again have an impact. i can't belie

our reporters from dow jones venture wire deborah gage and tom jiles of "bloomberg business week" this week oppress press. good morning, everyone, i'm scott mcgrew. the housing market is recovering, or maybe it's not. inflation is a big worry, or possibly, it isn't, either. there's a lot of conflicting information out there about the economy about everything from the deficit to financial reform and a lot of so-called experts. now, when we have questions, we turn to the chief economist of one of the biggest banks in the nation, john silvia runs a team of economists for wells fargo. he's been named one of the best in the nation by both "bloomberg" and "usa today," joined by deborah gage of dow jones venture wire and tom jiles of "bloomberg business week." i don't think we can start any discussion without addressing japan first. this is a show that is pretaped before the sunday morning time slot, so things may have changed. >> yes. >> but assuming things are progressing, what do we know economically about what this is going to mean? >> well, the two key aspects about japan and its relatio

dunlop 126.the the dow was up 126.nate passing a measure that is going to restrict the collective bargaining rights of 350,000 police officers, firefighters, teachers. senators pass legislation 17-16 vote yesterday with all the yes votes coming from republicans. fines and jail time for those who participate in strikes. they can negotiate wages, and other things but not sick benefits. >> darya: gingrich is going to talk about supply exploratory phase. he stopped short of an exploratory committee which what made him a candidate. he handed gop's first house majority in 40 years. the suspect in an attack on air force troops in frankfurt airport claims he acted alone. top security official says the suspect confessed to targeting the u.s. military. it indicates he acted alone and did not belong to a terrorist cell. he said he was a devout moslem. >> mark: we will be right back the latest on a pro test in berkeley and arrests overnight. >> mark: 3 protesters in jail this morning after refusing to leave from uc-berkeley. it wa

i have a lecture remarkable dow chemical you mention or or it was mentioned in one of these sort of you actually so yes one of these guys is associated with out chemical is this is there are no longer a list of companies or are we just beginning to find out what i mean is this. and is this something that you know is this kind of like the way congress has been doing business for a long long time and we just just got to kind of get our way just when i say god put it in our faces or is is he has he stepped over some kind of line here i think this has been going on for a while you know how many staffs whether democrat or republican are are overworked and so they sort of farm some things out to. these lobbyists and organizations and so the line is really but we're between who are the real it buys ors to the representatives in who are the outside interests i understand this is probably two or three years old we had somebody from one of the ralph nader groups so you know once you start i forget which one on my radio program and this person said that about ninety percent of all the legislation

it lifted the dow above 12,000. the dow dipped 17 points in the nasdaq fell 8. rob this year. what is going on with stocks? >>rob: oil was higher player, it's scaring the stock market. we don't like high oil. if we can do with japan, tsunami is, loss. the issue's letter out there that are going to drive people crazy is going to get worse? is it not going to get worse? it's going a lender. fundamentals were great worldwide. i feel confident, the higher oil is saki and the rain in libya and then the and and and then japan what will happen or not. evaluation, fundamentals, economics we will go higher but march maybe march not so much. >>catherine: amazon began opening an app shop. >>rob: at polish suing over the name app. i love it, there's no barriers to entry last jeff he started doing videos, downloading tv shows and movies just like apple. he started doing acts just like google. they are a distant no. 2. >>catherine: 20 come back with rob with e-mail coming up. >>pam: want to tell you about kron 4 is baseball's special. this saturday gary will host a baseball by the bay with

the dow rose 87%. the s&p is up 95% and nasdaq up 117%. not all are convinced the bulls are hear to stay. >> i am still, you know, trying to above but i am also skeptical. >> on wall street the dow closed at 27,213. >>> facebook is opening up about its privacy policy. a page explaining its policy in simple english. explains how your dotta is collected and used. if you like the fine print they have the actual policy posted. we linked the page on www.ktvu.com under our web links section. >>> back now to san bruno where a vigil is taking place right now at glenview and claremont drive at 6:00 tonight. that's six months ago a gas pipeline explosion changed that community forever. >> this blast wiped out several neighborhoods, changing lives. right now people are honoring the victims and the survivors of that day. they have gathered here for a moment of silence in memory of the eight people who died in this neighborhood. >> a lot has changed since then. the 38 homes have been torn down. some people have chosen to rebuild, others say i can't sta