Dow hits record high as investors cheer Fed outlook on interest rates
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
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Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
Inflation, interest rates and a possible recession could weigh on markets. But there are also reasons for bullishness.
"The Fed isn't about to 'pivot' and there is more monetary tightening to come," said one analyst.
Dow hits 2022 low as markets sell off on recession fears as central banks around the world jack up interest rates.
An early morning rally fueled by slower jobs report, faded by mid-afternoon, erasing all gains.
Markets lost more ground after Powell's speech last week confirming more hikes: "We must keep at it until the job is done."
The start of 2022 has pushed Wall Street into a bear market. Here's what the rest of the year could hold for investors.
May surge in consumer prices raises odds that the Fed will continue to sharply hike interest rates.
On Wednesday, the Dow shed more than 1,164 points, or 3.6%, its biggest loss since 2020. The broader market lost 4%, putting the S&P 500 on the precipice of bear market territory. The Nasdaq Composite lost 4.73%.
Does the huge drop in the Dow Jones and other indices mark the end of a historic run that dates back to the pandemic's early days?
The stock market has enjoyed unprecedented gains during the pandemic, with the strange, meteoric rise of GameStop among the highlights.
The stock market has enjoyed a historic rise, despite the pandemic and political upheaval, and looks poised to continue growing through 2021 and beyond.
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?
While some kids may have been playing video games or watching movies all day when everyone was asked to stay-at-home during the coronavirus pandemic, there were four kids, all under the age of 10, who learned to play the stock market.
The stock market reacted positively to the recent record unemployment numbers, which suggests a strong economic comeback, but be wary.
The coronavirus crisis has hit corporate America hard, with many businesses closed and entire industries ground to a halt.
The Dow Jones closed down nearly 3,000 points, marking the biggest one-day drop in history.
U.S. stocks plunged so quickly Monday that trading was halted as frightened investors fled the markets amid growing economic uncertainty over the spreading coronavirus.
The coronavirus outbreak isn't just a global health concern, it's also been economically disruptive.
Markets staged a miraculous comeback Wednesday following stocks' worst-ever Christmas Eve. The Dow posted biggest daily point gain ever.
The Dow dropped 799 points, or 3.1%, on Tuesday. At one point, the index was down 818 points. The S&P 500 declined 3.2%, while the Nasdaq tumbled 3.8%.
Wednesday was a good day on Wall Street.
Wall Street has tried to ignore warning signs about a trade war for months. It can't any longer. The Dow sank 287 points on Tuesday.
In one call, a caller is heard screaming through tears while pleading with dispatchers for help, while another repeatedly begs for an ambulance.
The mother, who identified herself only as Chrissy, said the assailant approached them from behind and began yelling at her son.
Investigators say Jaydon Williams, 21, was shot multiple times early Saturday morning at a vacation rental in the 1900 block of Funston Street.
The family has launched an online petition that has gathered more than 600 signatures, urging city officials to install safety improvements.
At George's Restaurant, fans draped in sky blue and white stripes filled the establishment, chanting and cheering throughout the match against Egypt.
In one call, a caller is heard screaming through tears while pleading with dispatchers for help, while another repeatedly begs for an ambulance.
The mother, who identified herself only as Chrissy, said the assailant approached them from behind and began yelling at her son.
Investigators say Jaydon Williams, 21, was shot multiple times early Saturday morning at a vacation rental in the 1900 block of Funston Street.
The family has launched an online petition that has gathered more than 600 signatures, urging city officials to install safety improvements.
At George's Restaurant, fans draped in sky blue and white stripes filled the establishment, chanting and cheering throughout the match against Egypt.
In courtroom testimony, Shandelle Maycock recounted the harrowing night her daughter was abandoned in the Everglades, describing the horrors they endured.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
Former Florida gubernatorial candidate Andrew Gillum has been arrested on drug possession charges in Alabama after police say they pulled him over for erratic driving and found marijuana and meth in his vehicle.
Amid simmering tensions between the U.S. and some NATO allies over Iran and Greenland, President Trump is tightening bonds with Turkey.
Prosecutors in Charlie Kirk's murder case are seeking to convince a judge they have enough evidence to try the man accused of killing him and seek the death penalty.
President Trump held separate calls with Russia's Vladimir Putin and Ukraine's Volodymyr Zelenskyy to discuss ending the war.
These six presidential speeches are some that have most reverberated through the ages, and whose impacts are still felt today.
The likely Republican candidate for governor, Congressman Byron Donalds, said he would vote for it, but as he told CBS Miami's Jim DeFede, if it does fail, they will tackle the issue again next year.
Florida Attorney General James Uthmeier has avoided talking about both topics with opponents calling him "the most corrupt attorney general Florida has had."
On Thursday, Governor Ron DeSantis announced the closing of Alligator Alcatraz, the highly controversial immigration detention center that was the subject of numerous lawsuits as well as allegations of abuse.
The 29-year-old attorney is hoping to stand out from the pack by going after young voters.
More than two decades after voters were promised a new facility to treat people with mental illnesses, rather than warehousing them in the county jail, the Miami-Dade County Commission gave final approval on Tuesday to open the Miami Center for Mental Health and Recovery.
A recall has been issued for frozen blueberries sold at Publix stores in Georgia, Florida and other Southern states after 12 people became sick, the FDA says.
A new Florida law requires drug prescribers to complete sickle cell training, aiming to improve care and address stigma faced by patients.
Former NFL running back Chris Johnson announced that he was diagnosed with ALS, also known as Lou Gehrig's disease, in a "Good Morning America" interview.
Gallup found that only 49% of Americans were "cost-secure" last year, with concerns about medical bills and prescription costs rising across income groups.
Dr. Peter Stafford was working with a missionary group in the Congo when he came down with the virus last month.
AARP is sounding the alarm because it is so easy to fall for these schemes, but there are simple things everyone can do to protect themselves.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
The Empire State Building lit up in blue for Taylor Swift and Travis Kelce's wedding Friday night.
Taylor Swift and Travis Kelce were married as they celebrated their wedding with hundreds of guests Friday at Madison Square Garden in New York City.
Taylor Swift and Travis Kelce donated to 20 local and national charities ahead of their wedding Friday.
Ticket reseller StubHub abruptly canceled customers' tickets to World Cup matches, costing them thousands of dollars, a lawsuit alleges.
Carín León sees the World Cup as something that pulls different cultures together.