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Newspaper
The Gazette
Location
Medina, Ohio, United States of America
Date
Jan 29, 2020
Page
10
Stocks rallied broadly pushing the Dow up 187.05 to 28722.85 and the Nasdaq 130.37 to 9269.68 as traders shifted from virus fears to tech and financials. The S P 500 rose to 3276.24 while oil rose and gold and dollar moved modestly.
The Taliesin School of Architecture will shutter in June after negotiations with the Frank Lloyd Wright Foundation failed. The board cited an unsustainable business model and plans to extend tours while expanding K-12 and professional programs at the foundation. Wright opened the 1932 school decades ago, encompassing Taliesin and Taliesin West sites.
U.S. durable goods demand rose 2.4 percent in December led by military aircraft, offset by a 74.7 percent drop in commercial aircraft. Business investment plans fell 0.9 percent. Boeing’s 737 Max woes weighed on overall demand amid a trade war backdrop.
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