Dow Jones Tops 30,000 For First Time Ever As Biden Transition Points To More Stable Future
The Dow Jones crossed the 30,000 threshold for the first time ever Tuesday, fueled by news that suggests a more stable economy in the near future.
Watch CBS News
The Dow Jones crossed the 30,000 threshold for the first time ever Tuesday, fueled by news that suggests a more stable economy in the near future.
Today's stock market gains come despite all the election uncertainty, but may suggest optimism for a second stimulus package down the line.
In an economy beset by pandemic-induced hardship, why is Wall Street thriving while Main Street is struggling?
The stock market reacted positively to the recent record unemployment numbers, which suggests a strong economic comeback, but be wary.
Global stock markets rebounded Tuesday after President Trump said he would ask Congress for a tax cut and other measures to ease the pain of the spreading coronavirus outbreak.
The financial markets tumbled on coronavirus fears and a crash in oil prices.
Stocks are falling again on Thursday as the economic impact of the global coronavirus spread becomes clearer.
Stocks plunged on Monday after the U.S. and China ratcheted up their trade war, with China letting its currency drop to an 11-year low.
Markets staged a miraculous comeback Wednesday following stocks' worst-ever Christmas Eve. The Dow posted biggest daily point gain ever.
Stocks sank sharply Monday, with key U.S. indexes on track for their worst December since the 1930s.
Stock trading turned jittery again after two weeks of gains, pulling the Dow Jones Industrial Average down 600 points.
Democratic leaders know -- and worry about -- the power of Trump's politics of fear.
Facebook just suffered the biggest wipeout in stock market history.
U.S. stocks tumbled into correction mode to start off the second quarter on Monday, as technology shares got battered on worries sparked by trade concerns and tweets by President Trump and Elon Musk.
The Dow surged 669 points — its third-biggest point gain in history — and had its best day in two and a half years. Investors were cheered by signs that the United States and China are talking behind the scenes to avoid a clash between the world's two biggest economies.
Trade war fears wiped more than 1,100 points off the Dow in just two days. It was Wall Street's worst week in more than two years.
U.S. stocks fell sharply on Thursday after President Donald Trump announced new tariffs on Chinese goods.
The economy is just as strong today as it was last week. Keep that in mind as you process the Dow's breathtaking 1,175-point plunge on Monday.
Seven trading days. That's how long it took the Dow to rocket from 25,000 to 26,000.
This stock market doesn't obey speed limits. It just blasted through another barrier: Dow 25,000, barely a month after it cracked 24,000 for the first time.
Twitter's stock prices jumped Friday morning after former Microsoft CEO Steve Ballmer announced he owns four percent of the company.
Financial experts say people who watched in horror as the Dow Jones Industrial average drop more than 1,000 points Monday morning should stay calm and not panic – a hasty move now could cause permanent damage later.
The place where you can buy handmade dresses and crocheted dog costumes has a new hot seller: its own stock.
The Associated Press news agency suspended its Twitter account Tuesday after it was hacked into.
California adoptees are pushing for a bill that would give them access to their birth certificates, which are currently sealed by the state when adoption is finalized.
Zack Wheeler allowed one run in six innings as the Philadelphia Phillies completed a three-game sweep with a 5-2 win over the Los Angeles Angels.
Tyler Glasnow gave up two hits and one run in seven innings as the Los Angeles Dodgers beat the Detroit Tigers 6-1.
The three-time NFL Defensive Player of the Year previously retired from the team in 2023 after 10 seasons.
The incident took place around 4:41 a.m. at Superior Grocers in the area of Manchester Avenue and Crocker Street.
California adoptees are pushing for a bill that would give them access to their birth certificates, which are currently sealed by the state when adoption is finalized.
After more than two months, the last of the food waste inside the burnt-out Lineage cold storage warehouse that went up in flames in June has been removed.
Tyler Glasnow gave up two hits and one run in seven innings as the Los Angeles Dodgers beat the Detroit Tigers 6-1.
The three-time NFL Defensive Player of the Year previously retired from the team in 2023 after 10 seasons.
The incident took place around 4:41 a.m. at Superior Grocers in the area of Manchester Avenue and Crocker Street.
It happened just after 10 p.m. near Redondo Beach Boulevard and Vermont Avenue, according to a news release from the Gardena Police Department.
After more than two months, the last of the food waste inside the burnt-out Lineage cold storage warehouse that went up in flames in June has been removed.
A hit-and-run driver who "intentionally struck" a pedestrian in July was killed in a police shooting in another jurisdiction days later, according to the Long Beach Police Department.
Police said it happened on Thursday at the Bank of America on Magnolia Avenue.
After two failed attempts, Monrovia police officers arrested a wanted man after he strolled into a Panda Express during their lunch break.
A 14-year-old Orange County boy was seriously injured in a crash while he was allegedly riding an e-motorcycle illegally, according to police.
The one-day, nonprofit festival, founded by musician Olivia Rodrigo, features an all-female lineup including performances by Rodrigo, Chappell Roan, Katseye, Stevie Nicks, Sarah McLachlan and more.
Cal State LA switched to a modified system as campus officials continue working to address an air conditioning outage.
California lawmakers passed legislation that would ban disposable nicotine vapes.
An e-bike ban at Newport Beach schools has unintentionally sparked disputes between students and neighbors.
An 18-year-old was arrested for allegedly cutting down a Flock camera in Temecula on Tuesday night, according to the Riverside County Sheriff's Office.
After hundreds of residents flooded an open house hosted by the power company looking to install miles of high-voltage power lines through the city of Temecula, the mayor took to social media to share a scathing message about what she called a "dog and pony show."
Deputies said that the plane was found nose down in a field near the Big Bear City Airport.
After more than 30 years, the final victim of the "Happy Face Killer" has been identified thanks to investigative efforts in Riverside County.
Cal State LA switched to a modified system as campus officials continue working to address an air conditioning outage.
Kyle Schwarber hit a go-ahead RBI single and Trea Turner had a two-run single in a three-run 10th inning in the Philadelphia Phillies' victory Saturday.
The flash floods hit Bright Angel Canyon and the Phantom Ranch area on Saturday afternoon, the National Park Service said.
The judge delivered a victory for Stanford University's student newspaper, which said some international students were afraid to speak out because of the deportation threat.
Milo Yiannopoulos, who is British, was accused of overstaying his visa after entering the country legally in May 2019.
The ruling marks a blow to the federal government's long-delayed effort to prosecute Khalid Sheikh Mohammed, who is accused of developing the plot to crash planes into the Pentagon and World Trade Center.
The judge delivered a victory for Stanford University's student newspaper, which said some international students were afraid to speak out because of the deportation threat.
Milo Yiannopoulos, who is British, was accused of overstaying his visa after entering the country legally in May 2019.
The ruling marks a blow to the federal government's long-delayed effort to prosecute Khalid Sheikh Mohammed, who is accused of developing the plot to crash planes into the Pentagon and World Trade Center.
A Department of Homeland Security spokesperson said Milo Yiannopoulos "chose to overstay his welcome."
California lawmakers are moving to ban a controversial device that can deliver an electric shock through a law enforcement officer's gloves, while the Sacramento County sheriff argues the technology can help deputies safely detain people without using more forceful tactics.
Homeowners getting their insurance through the California FAIR Plan will soon be paying even more, but industry observers say it may be a good sign for the state's insurance market.
Voters in California may soon decide on a ballot measure that seeks to help the state's middle class afford to buy a home, by establishing a $25 billion loan program that would provide down payment assistance.
Some Trader Joe's shoppers will get a payout after a lawsuit alleged that the retailer's customer receipts put shoppers at risk of ID theft.
California Attorney General Rob Bonta and local prosecutors urged parents to check their children's e-bikes, saying some of the vehicles may be motorcycles or mopeds capable of high speeds.
San Francisco officials said Tuesday that the city has filed a lawsuit against leading manufacturers of ultra-processed foods, accusing them of producing products linked to serious health issues and alleging that the companies knowingly made the foods addictive.
Patients taking the first-of-a-kind pill, called daraxonrasib, lived for a median of 13.2 months compared with 6.7 months for chemotherapy recipients, studies showed.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
The Social Security Administration is expanding its list of diseases and other health conditions that may qualify for accelerated approval of disability benefits.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
Orange County Health Care Agency officials have confirmed the county's first human West Nile virus case of 2026, amid what some medical experts believe could be one of the worst mosquito seasons on record.
California regulators approved Waymo to expand its services in Los Angeles and the Bay Area, and to offer its autonomous ride-hailing service in Sacramento and San Diego in the future, the company said Friday.
A California lawmaker wants to address the rising cost of event tickets by limiting how much some tickets can be marked up on the resale market.
California Gov. Gavin Newsom on Friday announced the rollout of the state's new electric vehicle instant rebate program, touting it as part of an investment in the state's clean-vehicle future.
Initial findings showed no evidence of rising statewide unemployment claims from workers in occupations considered highly exposed to AI.
Ford is recalling more than 250,000 vehicles that were incorrectly repaired under a previous recall meant to fix a problem that caused the engine to stall while driving, according to the National Highway Traffic and Safety Administration.
Zack Wheeler allowed one run in six innings as the Philadelphia Phillies completed a three-game sweep with a 5-2 win over the Los Angeles Angels.
Tyler Glasnow gave up two hits and one run in seven innings as the Los Angeles Dodgers beat the Detroit Tigers 6-1.
The three-time NFL Defensive Player of the Year previously retired from the team in 2023 after 10 seasons.
Kyle Schwarber hit a go-ahead RBI single and Trea Turner had a two-run single in a three-run 10th inning in the Philadelphia Phillies' victory Saturday.
Amahl Pellegrino added some insurance with a short-handed goal in the second half, Anders Dreyer had two assists and San Diego FC went on to beat the Los Angeles Galaxy 3-1.
The international airport in Nashville, Tennessee, would be renamed for Dolly Parton under a proposal by Tennessee's governor.
Both sides have rested in the murder trial of Duane "Keffe D" Davis, who prosecutors allege orchestrated the 1996 murder of Tupac Shakur.
Tim Curry was known for his iconic performances in cult classics like "The Rocky Horror Picture Show" and the original screen adaptation of Stephen King's "It."
Audience members at a stage performance of "9 to 5: The Musical" in the U.K. were heard gasping aloud at the news of Dolly Parton's death Tuesday.
Dolly Parton became an icon over her six-decade career as a Grammy-winning singer-songwriter, movie and TV star and theme park owner who donated millions to help others.
Southern California's heat wave has finally winded down. Chloe Carlson reports.
The Nepalese community in Norwalk gathered on Saturday for a vigil as crews continue to search for survivors of the tragic floods. Zach Boetto reports.
Who foots the bill when a utility company starts a wildfire in California? Lawmakers answered that question this weekend, and Gov. Newsom is pumping the brakes on celebrations. Tom Wait reports.
After more than two months, the last of the food waste inside the burnt-out Lineage cold storage warehouse that went up in flames in June has been removed. Lauren Pozen reports.
A break from Southern California's punishing heat wave is on the way. Alex Biston reports.
Some of golf's best are facing off at the U.S. Women's Open at the Riviera Country Club in the Pacific Palisades over the weekend. The event runs from June 2 to June 7.
Widely considered the greatest architect of his time, Frank Gehry helped shape Los Angeles' skyline.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Franklin Fire in Malibu quickly grew overnight and threatened several homes. Evacuation orders were issued and Pepperdine University instructed students to shelter in place.
