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.
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
Stronger-than-expected wage data raised expectations Fed hikes will be more aggressive to get inflation under control.
Wall Street is waiting to see if balance of power in Washington shifts, but hot inflation remains main focus.
"Hawkish" policy statement from Fed leads investors to abandon hope of easing rate increases.
Dow swings more than 1,300 points as investors glimpse reasons for hope in September consumer price index.
Wall Street is concerned that Friday's stronger-than-expected jobs report could prompt more rate hikes from the Fed.
Dow hits 2022 low as markets sell off on recession fears as central banks around the world jack up interest rates.
Fed raised key interest rate by three-quarters of a percentage point and signaled it plans to keep rates higher longer.
"A sustained rally is likely to require clear evidence that inflation is on a downward trend," a UBS analyst said.
The S&P 500 tumbled even more Thursday, putting it firmly into a bear market. That's not an official term, but more of an arbitrary marker as investors worry about the future.
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.
A mass of amateur internet investors is buying GameStop stock, causing its stock price to soar. It's led to big gains for them -- and bigger losses for the hedge funds.
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?
COVID-19 and its economic uncertainties are jolting investor confidence. That is causing volatility in stock equities, a falling dollar and adding fears of inflation.
The stock market reacted positively to the recent record unemployment numbers, which suggests a strong economic comeback, but be wary.
The stock market fell sharply Wednesday, with the DOW, Nasdaq and the S & P 500 all down. The bond market prompted the plummet.
The Dow dropped more than 600 points, which is more than 2 percent. This caps off a tumultuous three weeks of twists and turns. But the recent volatility doesn't mean long-term investors should worry, experts say.
Stocks are slumping for a second straight day as the market endures its most volatile stretch since February. The Dow Jones industrials fell 545 points, or 2.1 percent, to 25,052.83 and the benchmark S&P 500 dropped 57 points, or 2.1 percent, to 2,728.37. Both indexes have fallen more than 5 percent the past two days.
Technology and internet stocks have led the way for much of Wall Street's bull market run, propelling the stocks of big names like Apple, Amazon and Google's parent company sharply higher along the way.
The Dow plunged nearly 832 points on Wednesday, the third-worst point decline in history.
The company's stock plunged Friday morning after it reported a decline in its monthly users and warned that the number could fall further in the coming months.
The Minnesota Vikings made a big splash in the first round of the 2024 NFL draft, picking two players at arguably the most important positions on the team.
Police are asking for the public's help to find two suspects who violently stole a dog from its owner Wednesday on St. Paul's east side.
The superintendent said the discovery of the time capsule marks a "historic event for our community."
In honor of Earth Week, some University of Minnesota students will spend their Friday afternoon cleaning up one of the Twin Cities' most popular lakes.
The Twin Cities are about to be treated to some proper April showers.
Police are asking for the public's help to find two suspects who violently stole a dog from its owner Wednesday on St. Paul's east side.
In honor of Earth Week, some University of Minnesota students will spend their Friday afternoon cleaning up one of the Twin Cities' most popular lakes.
It's been a tough road to recovery for Jon Seas after losing a friend, Cole Thompson, in a horrific crash in Minneapolis.
A group of parents and students from Richfield Middle School say they were shocked to learn the school would cut ties with its theater course after a student survey.
Students at the University of Minnesota are expected to join other colleges across the country on Friday for a fourth straight day in lifting their voices and asking for an end to the bloodshed in Gaza.
A transcript from a 911 call is providing more details surrounding the arrest of Minnesota State Sen. Nicole Mitchell, who stands accused of burglary.
A Minnesota man who kidnapped his 2-year-old son last year, triggering an AMBER Alert and a standoff, will be sentenced on Thursday.
It's one of the few covered bridges remaining in the Midwest, and it's seen a lot of traffic over the years.
The Metropolitan Council has made headlines for its mismanagement of the Southwest Light Rail project. In Talking Points, community members and Minnesota legislators on both sides of the aisle are pushing for major reforms.
A community tour Wednesday highlighted a massive investment to one of Minnesota's 15 fish hatcheries – a $20 million makeover, nearly 70 years in the making.
Six middle school students and two adults were injured in a school bus crash near Hudson on Thursday morning.
The 59th annual Flood Run motorcycle ride is this Saturday, and the Minnesota State Patrol is asking bikers and motorists alike to be extra careful while cruising beside the St. Croix River.
A partial building collapse in Superior, Wisconsin prompted evacuations Thursday, including at a nearby daycare.
Republican lawmakers have filed a new lawsuit alleging partial vetoes Gov. Tony Evers made to a bill designed to bolster students' reading performance were unconstitutional.
Nicolae Miu, the man convicted of reckless homicide and other crimes after stabbing five people on Wisconsin's Apple River in 2022, will be sentenced this summer.
The nation's third-largest food bank is using a 24-hour fundraiser to fight food insecurity.
An Eden Prairie family is keeping their son's legacy alive, one year after his sudden death.
Fifteen-year-old Bennett Fisk loves baseball and has been playing youth league his whole life. Unfortunately, last season, he had to sit out because even the largest adult-size baseball helmet didn't fit his head and it was too unsafe to play without a helmet.
For the first time in Minnesota cannabis usage on 420 is legal.
A new restaurant is hoping to serve the community for years to come.
Friday will be the fourth day that Twin Cities students will join a nationwide movement to end the bloodshed in Gaza.
Smoking in Minneapolis is set to get more expensive thanks to a new ordinance passed by the City Council.
A transcript from a 911 call is providing more details surrounding the arrest of Minnesota State Sen. Nicole Mitchell, who stands accused of burglary.
Some love it, while others hate it. But in 15 days the new Minnesota state flag will be raised across the state.
Coal-fired power plants would have to capture smokestack emissions or shut down under a new EPA rule the industry says would make the grid less reliable. It's likely to face court challenges.
Smoking in Minneapolis is set to get more expensive thanks to a new ordinance passed by the City Council.
The owner of a Twin Cities-based car dealership is accused of scamming Minnesotans out of thousands of dollars.
Saturday marks, for some, a holiday.
There's a state recovery fund for families who are out of money for a loss due to a contractor, but there's a gap in the law — a contractor with one specialty is exempt from paying into the fund.
The Minnesota Department of Health says state inspectors have seized and destroyed about $500,000 worth of illegal cannabis products from retailers.
Police are asking for the public's help to find two suspects who violently stole a dog from its owner Wednesday on St. Paul's east side.
The Minneapolis City Council approved Thursday a $150,000 settlement for a man who witnessed the murder of George Floyd and testified against the former officer who killed him.
A transcript from a 911 call is providing more details surrounding the arrest of Minnesota State Sen. Nicole Mitchell, who stands accused of burglary.
Police in Brooklyn Park say a woman was sexually assaulted Wednesday, and they're still looking for the suspect.
A Minnesota man who kidnapped his 2-year-old son last year, triggering an AMBER Alert and a standoff, will be sentenced on Thursday.
Minnesotans love to get outside no matter the season. Something about being in nature always seems to leave us feeling better. So why does it feel good to get outdoors? Good Question.
The DEA took about 2.5 million lethal doses of fentanyl off Minnesota streets last year alone. Despite that eye-popping number, it's not enough.
Federal officials say they're double checking whether pasteurization has eradicated the danger from possible bird virus particles in milk.
UnitedHealth said it paid the criminals behind attack that crippled hospitals and pharmacies to protect sensitive patient data.
Cancer cases are on the rise in younger adults, and early onset cancer is up in patients under 50, many of them without typical risk factors.
Italy's Culture Ministry has banned loans of works to the Minneapolis Institute of Art, following a dispute with the U.S. museum over an ancient marble statue believed to have been looted from Italy almost a half-century ago.
Harvey Weinstein's 2020 conviction on felony sex crime charges has been overturned by the State of New York Court of Appeals.
The Vali-Hi Drive-In in Lake Elmo has been closed for almost two years now — but a filmmaker raised in Woodbury is keeping memories of the iconic theatre alive.
Eight years ago this week, music icon Prince died of an accidental painkiller overdose at his Paisley Park estate.
La Raza's mission is to bring music, news and community to more than 200,000 Latinos in the Twin Cities.
The Minnesota Vikings made a big splash in the first round of the 2024 NFL draft, picking two players at arguably the most important positions on the team.
The Chicago White Sox dropped to 3-22, wasting a two-run lead and stretching their losing streak to a season-high seven with a 6-3 defeat to Minnesota as Edouard Julien hit two of the Twins' five solo home runs.
The Minnesota Vikings have chosen JJ McCarthy to be their franchise quarterback of the future.
The Los Angeles Chargers drafted Notre Dame offensive lineman Joe Alt with the fifth pick in the NFL Draft.
An unprecedented six of the first 12 picks were quarterbacks, an NFL Draft record.
The Metropolitan Council has made headlines for its mismanagement of the Southwest Light Rail project. In Talking Points, community members and Minnesota legislators on both sides of the aisle are pushing for major reforms.
The Metropolitan Council has made headlines for its mismanagement of the Southwest Light Rail project. In Talking Points, Esme Murphy spoke with DFL Sen. Scott Dibble and Republican Sen. Eric Pratt about the legislation push major reforms.
The Metropolitan Council has made headlines for its mismanagement of the Southwest Light Rail project. In Talking Points, community members and Minnesota legislators on both sides of the aisle are pushing for major reforms. Esme Murphy spoke with Abou Amara, a Democratic analyst, and Mary Pattock, a long-time critic of the Met Council.
The Metropolitan Council has made headlines for its mismanagement of the Southwest Light Rail project. In Talking Points, lawmakers pushing for reform. But Republican analyst Amy Koch says its going to take a bi-partisan public outcry from the politically diverse seven-county area.
It may have been more than 25 years ago, but Jesse Ventura's 1998 win for governor stands out as one of he most successful third-party runs in U.S. history.
It's one of the few covered bridges remaining in the Midwest, and it's seen a lot of traffic over the years.
Decades ago, at an 88-acre pasture near Annandale, cars replaced cows and French Lake Auto Parts was born.
There's an attraction in Fergus Falls that's centered around a man-made disaster.
In this week's Finding Minnesota, John Lauritsen goes to New Ulm where the Minnesota Music Hall of Fame is celebrating 35 years.
It cost $85,000 to build St. Stan's — equivalent to about $100 million today. As the basilica approaches its 130th birthday, its biggest fans say they wouldn't change a thing.
Minnesotans love to get outside no matter the season. Something about being in nature always seems to leave us feeling better. So why does it feel good to get outdoors? Good Question.
What do Lebron James, David Bowie and Bill Gates all have in common? They're left-handed. While they're a minority of the population, they're not alone. So why are we right- or left-handed? Good Question.
April is Earth Month and we're less than a week from Earth Day. That timing matches up with an email we received from Mary in Minneapolis. She wants to know: What can the average person do to help reduce global warming? Good Question.
The gorgeous weekend we had was more than just a great time to get outside. For many, it was a chance to get their hands dirty whether they wanted to or not. We wanted to know How can we efficiently clean our homes? Good Question.
If you have a drawer packed with old cellphones, cameras and laptops, you're not alone. Global electronic waste has hit record highs and it's growing five times faster than recycling rates. So how should you dispose of e-waste?
Many Minnesotans were treated to a stunning double rainbow on Thursday.
Nicolae Miu, a 54-year-old man from Prior, Lake, Minnesota was found guilty of six criminal charges, including first-degree reckless homicide. Miu's trial lasted eight days in a Hudson, Wisconsin courtroom.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
An early spring snowstorm made for many beautiful sights across the state of Minnesota over the weekend.
State fire officials say a grass fire near Waseca is contained Monday morning after burning more than 1,000 acres.
Meteorologist Joseph Dames says the first of two weekend storm systems arrives in Minnesota on Friday.
In Minnesota, weather can be all over the place. Here at WCCO, we want to give you what you need to prepare for what's happening next.
Steve Spears with Northern Tool and Equipment discusses some tips for preparing your home for possible severe weather this spring and summer.
Meteorologist Joseph Dames says the Twin Cities are about to be treated to some proper April showers.
The Twin Cities are about to be treated to some proper April showers.
Meteorologist Joseph Dames says the first of two weekend storm systems arrives in Minnesota on Friday.
Crystal Jensen, owner and creator of Candie Clouds, visits WCCO to discuss her unique cotton candy creations in honor of National Princess Week.
If you’re looking for ways to connect with nature on Arbor Day, you can get a "bird's eye view" at the Treetop Trail at Shakopee's Minnesota Zoo.
Steve Spears with Northern Tool and Equipment discusses some tips for preparing your home for possible severe weather this spring and summer.
Researchers have been looking at how adults look back at themselves as children, and have split them into two distinct categories.