U.S. stocks rally to close higher after sharp selloff
"A sustained rally is likely to require clear evidence that inflation is on a downward trend," a UBS analyst said.
Watch CBS News
"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.
Since March of 2009, the stock market has been on a roll. The S&P 500 is up about 250 percent. So, how long do bull markets last?
At one point, the Dow plunged more than 500 points Wednesday before bouncing back to close off by nearly 250. Plummeting oil prices and China's economic slowdown are dragging the markets down.
The Dow Jones industrial average rocketed more than 600 points Wednesday, its biggest gain in seven years, snapping a six-day losing streak that had Americans nervously checking their investment balances.
After another day of huge sell-offs on Wall Street, the Dow Jones is down 13 percent and the S&P 500 is down 11 percent from their highs back in May. That means it's an official market correction.
U.S. stocks slumped again Monday, with the Dow Jones industrial average plunging more than 1,000 points at one point in a sell-off that sent a shiver of fear from Wall Street to Main Street.
Tuesday is going to feel to just a tiny bit longer. Just before midnight Coordinated Universal Time – or 7pm Central time – exactly one second will be added to our clocks. So, why do we add time? Good Question.
Take a close look at your homeowner and auto insurance policies -- the cost may be going up. Minnesota lawmakers are considering a bill to add a $5 surcharge on every policy in the state.
Best Buy shares fell on Friday after the struggling electronics retailer said it extended the window for co-founder Richard Schulze to make a buyout bid until after the holiday season.
The Minnesota Lynx fell to the Connecticut Sun 90-89 on Monday night. Brittney Griner scored a season-high 29 points and grabbed 10 rebounds, and Kennedy Burke added 16 points off the bench, including two 3-pointers in the final three minutes for the Sun.
The Elk River City Council on Monday night voted against an ordinance amendment that would have allowed for a proposed data center project in the community.
Skip the latest fad diet. The best way to manage your weight might already be sitting on your plate.
A 43-year-old woman accused of leaving threatening voicemails for Minnesota House Speaker Lisa Demuth via voicemail has pleaded guilty to threats of violence, according to court documents filed on Monday.
Belgium defeated the U.S. Men's National Team 4-1 on Monday night in the World Cup round of 16 knockout match in Seattle, ending the Americans' hopes of reaching the quarterfinals for the first time in 24 years.
A lawsuit filed against the City of Eagan is asking a Minnesota court to void the Twin Cities suburb's data center moratorium.
The Minneapolis Police Department is investigating after a 17-year-old boy and three men were injured in a shooting on the city's northeast side early Monday.
Police are investigating after a man was arrested and another was injured in a shooting in Oakdale, Minnesota, on Thursday, according to officials.
Dozens of Twin Cities hospice workers are walking the picket line Monday in a one-day strike after nearly a year of negotiations for an inaugural union contract.
A 20-year-old man is dead after being pulled from the water near Lake St. Croix Beach, Minnesota, on Sunday, authorities said.
A man drowned during a boating excursion on a northern Minnesota lake Friday evening, authorities said.
After 115 years, a small-town meat market in Minnesota is calling it quits.
The Minnesota attorney general said he is suing two Mankato residents after they allegedly put rat poison outside their home in an effort to stop dogs from urinating on their lawn.
Minnesota Attorney General Keith Ellison says around 2 million eggs will be delivered to "food banks and community organizations" in Minnesota as part of a settlement with three major egg producers.
A 20-year-old man suffered life-threatening injuries Wednesday evening after authorities say he slammed into a deputy's squad car in northern Minnesota.
Transportation Secretary Sean Duffy has transferred $1 million from his former congressional account to a super PAC supporting Michael Alfonso, his 26-year-old son-in-law, who is running for Duffy's old Wisconsin seat in an Aug. 11 primary.
For many Minnesotans, the road to the Fourth of July starts with a short drive across the St. Croix River to Wisconsin to stock up on fireworks. The kinds of pyrotechnics that can be legally ignited in Minnesota might be surprising.
Three children died on Geneva Lake in Wisconsin after a boat capsized during a severe storm Friday, Lake Geneva police said.
Seven people are without a permanent home and multiple pets are dead after a fire in Ashland, Wisconsin, on Friday morning, according to the city's fire department.
Rice Lake, Wisconsin, police officers are investigating after a swatting incident at the Marshfield Medical Center Thursday afternoon.
Baseball fans might remember the Metrodome's iconic blue seats, and now in Atwater, Minnesota, spectators can once again grab a blue seat and watch a game.
Tucked away in the Midway neighborhood in St. Paul is a community treasure many have come to love and respect.
What started as a small fundraiser following one of Joe's surgeries at Gillette Children's has grown into a community tradition that has raised nearly $100,000 for the hospital.
A trip to the video store was once a weekly ritual, and now one Minnesota movie lover is trying to bring that experience back.
Betty and Kermit Eastman, both 99, celebrated their 80th wedding anniversary on June 6 — a milestone so rare that on average only one couple in the U.S. reaches it each year.
A 43-year-old woman accused of leaving threatening voicemails for Minnesota House Speaker Lisa Demuth via voicemail has pleaded guilty to threats of violence, according to court documents filed on Monday.
Transportation Secretary Sean Duffy has transferred $1 million from his former congressional account to a super PAC supporting Michael Alfonso, his 26-year-old son-in-law, who is running for Duffy's old Wisconsin seat in an Aug. 11 primary.
President Trump is set to become the first U.S. president to go to Turkey since former President Barack Obama.
We are taking a closer look at a decision the Supreme Court made this past week. They ruled that President Trump's executive order to end birthright citizenship violated the 14th Amendment, which guarantees citizenship regardless of the parents' immigration status. Immigration law professor Ana Pottraz Acosta talks about the decision on WCCO Sunday Morning at 10:30 a.m.
President Trump held separate calls with Russia's Vladimir Putin and Ukraine's Volodymyr Zelenskyy to discuss ending the war.
For many Minnesotans, the road to the Fourth of July starts with a short drive across the St. Croix River to Wisconsin to stock up on fireworks. The kinds of pyrotechnics that can be legally ignited in Minnesota might be surprising.
Insurance experts say hail damage claims that once averaged $10,000–$15,000 now routinely reach $40,000–$60,000, even as many policies have shifted away from full replacement coverage.
Hundreds of workers, employed by Delaware North Company to serve food and drinks, say they are fighting for livable wages and healthcare benefits.
Target is tapping designer and TV personality Isaac Mizrahi for a newly created role as creative director at large as the discounter aims to reclaim its reputation for stylish clothing on a budget.
Target is voluntarily recalling two types of baby wipes due to concerns that the products may be contaminated with bacteria that may cause "serious and life-threatening infections," the U.S. Food and Drug Administration said on Friday.
A 43-year-old woman accused of leaving threatening voicemails for Minnesota House Speaker Lisa Demuth via voicemail has pleaded guilty to threats of violence, according to court documents filed on Monday.
The Minneapolis Police Department is investigating after a 17-year-old boy and three men were injured in a shooting on the city's northeast side early Monday.
Police are investigating after a man was arrested and another was injured in a shooting in Oakdale, Minnesota, on Thursday, according to officials.
Neighbors along a three-block stretch in St Louis Park, Minnesota, say vandals smashed car windows early Sunday morning along Quentin Avenue.
Police say 16-year-old boy was killed in a shooting at a park Sunday night in Brooklyn Park, Minnesota.
Skip the latest fad diet. The best way to manage your weight might already be sitting on your plate.
Dozens of Twin Cities hospice workers are walking the picket line Monday in a one-day strike after nearly a year of negotiations for an inaugural union contract.
As Mayor Jacob Frey pledges a crackdown at open-air drug markets in Minneapolis, WCCO found brutal honesty about the situation from people who say they actively participate in the illicit trade.
Noah Walden says he didn't notice anything unusual while eating. About three days later, he began experiencing stomach pain that continued to worsen over the next several days.
A Blaine woman from Liberia calls herself an accidental inspiration. The busy wife and mother who runs a nonprofit helping children in Liberia started coming to Burn Boot Camp after an emotional slump.
AI-generated actor Tilly Norwood is set to star in her first feature film, with her creator saying that "art will be imitating life."
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.
We have an action-packed weekend, with lots of celebrations in store across the state for the Fourth of July.
Tucked away in the Midway neighborhood in St. Paul is a community treasure many have come to love and respect.
Legendary musician Lionel Richie is postponing two upcoming concerts after he cut his performance short in St. Paul, Minnesota, earlier this week.
The Minnesota Lynx fell to the Connecticut Sun 90-89 on Monday night. Brittney Griner scored a season-high 29 points and grabbed 10 rebounds, and Kennedy Burke added 16 points off the bench, including two 3-pointers in the final three minutes for the Sun.
Belgium defeated the U.S. Men's National Team 4-1 on Monday night in the World Cup round of 16 knockout match in Seattle, ending the Americans' hopes of reaching the quarterfinals for the first time in 24 years.
After the Twins sent him down, Wallner's batting average bottomed out in late May. In June, it gradually rose with a bunch of big hits along the way.
In the U.S., 72% of golfers are men and 28% are women, according to the National Golf Foundation. But women are now driving 60% of the growth in the industry. A Minnesota golfer who started a women's league is among those leading the charge.
Bars across the Twin Cities area say FIFA World Cup games have caused revenue to skyrocket.
Mike Lindell, who leads the Minnesota Republican gubernatorial primary at 27%, is proposing conditional non-resident visas for undocumented immigrants with no criminal record — a position that differs from the Trump administration's approach.
Mike Lindell says he called President Trump before entering the Minnesota governor's race and asked for an endorsement, but Trump has not given one — though he said in December that Lindell deserves to be governor.
One of the most-watched primary match-ups pits Minnesota Lt. Gov. Peggy Flanagan against U.S. Congresswoman Angie Craig in the race for the DFL nomination for U.S. Senate.
With six weeks before the primary, the stakes are building in the U.S. Senate contest contest between two of Minnesota's brightest DFL stars: Congresswoman Angie Craig and Lt. Gov. Peggy Flanagan.
Fifteen people, most of them Minnesotans, were arrested and charged last week, accused of impeding Immigration and Customs Enforcement operations.
Baseball fans might remember the Metrodome's iconic blue seats, and now in Atwater, Minnesota, spectators can once again grab a blue seat and watch a game.
It's a lake cruise in the middle of town, and there's more than pelicans on the Pelican Breeze tour in Albert Lea, Minnesota.
Currie, Minnesota, is truly small-town America. The population hovers at just over 200. But on the northern outskirts, you'll happen upon a place with plenty of bells and whistles: End-O-Line Railroad Park and Museum
School's out, summer's here, and if you're heading to the lake on Highway 10, you may just stumble upon hidden treasure.
Nearly 40 years ago, a building was sent over piece by piece from Norway to a farm in Chippewa County, Minnesota. It's one of the only stabburs in the United States.
Skip the latest fad diet. The best way to manage your weight might already be sitting on your plate.
There's no doubt your air conditioning unit is working overtime this week as oppressive heat blankets Minnesota.
In every corner of the metro, and across Minnesota, you'll find construction crews ripping up roads and rebuilding bridges. WCCO looks into whether the piles of rubble they create can get a second life.
Water beckons Minnesotans this time of year, especially our lakes. But something in it can turn us away, even if other animals and organisms need it.
The latest data shows it's at 331.2 million barrels of oil.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Minnesotans got a great view of the northern lights Tuesday night.
A look at the newest addition to the polar bear population at St. Paul, Minnesota's Como Zoo.
From food shelves to school programs, our team is proud to serve where it matters most.
The Minnesota State Fair has unveiled its new food, drinks and vendors for 2025.
There's a slight chance for severe weather in parts of western, southwestern and central Minnesota on Tuesday night, NEXT Weather meteorologist Chris Shaffer said.
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.
A line of showers and possible storms will move from northwest Minnesota into areas of western Minnesota on Monday evening, according to NEXT Weather meteorologist Chris Shaffer. Parts of the state may see some severe weather on Tuesday.
The Twin Cities will stay mostly cloudy late Monday before a line of storms passes through overnight, says meteorologist Chris Shaffer
Storm chances look to return this work week, with potentially heavy local rainfall possible, WCCO meteorologist Mike Augustyniak reports.
Skip the latest fad diet. The best way to manage your weight might already be on your plate. In this Good Question, Jeff Wagner cooks up a healthy plan for how to approach a meal.
There's a slight chance for severe weather in parts of western, southwestern and central Minnesota on Tuesday night, NEXT Weather meteorologist Chris Shaffer said.
Health, the environment, and money were major talking points in Elk River on Monday night as the city, like dozens of others in Minnesota, debated how to handle data centers. As Ashley Grams reports, the City Council effectively said no to a proposed data center.
Lake Minnetonka was cleaned up on Monday as Minnesota's busiest lake wrapped up its busiest weekend of the year. Susan-Elizabeth Littlefield was on the water for the trash and treasure hunt.
A line of showers and possible storms will move from northwest Minnesota into areas of western Minnesota on Monday evening, according to NEXT Weather meteorologist Chris Shaffer. Parts of the state may see some severe weather on Tuesday.