Dow soars 1,500 points after Trump win, as investors bank on profits
Donald Trump's victory in the U.S. presidential election could boost economic growth and herald market-friendly policies, according to Wall Street.
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Donald Trump's victory in the U.S. presidential election could boost economic growth and herald market-friendly policies, according to Wall Street.
Stocks and cryptocurrency prices set to power higher after Donald Trump wins U.S. presidential election.
U.S. markets tumbled for a third consecutive trading day amid recession fears and tensions in the Middle East.
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
The Dow Jones closed at a record high Wednesday. It was a major milestone fueled by the Federal Reserve decision to leave interest rates unchanged for now, but rate cuts could come in the new year. CBS New York's Dick Brennan has more on the fed announcement. Read more: https://cbsloc.al/48cKhnO
The collapse of Silicon Valley Bank is triggering new worries about worldwide financial trouble. Overseas, Credit Suisse's troubles rattled financial markets. CBS2's Dick Brennan reports.
Markets tried to shake off Monday's massive losses. On Tuesday, the S&P 500 fell yet again.
Many Americans are worrying about their retirement funds as stocks dropped drastically yesterday. CBS2's Elijah Westbrook has more on what this means.
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?
U.S. stocks lost ground for a second day following Wednesday's sharp decline, as concerns over rising interest rates and a trade war outstripped relief from weaker-than-expected inflation data.
The Dow was down just over 30 points, the S&P lost 31, and the NASDAQ shed 64 points.
History was made again on Wall Street Wednesday as the Dow Jones Industrial Average closed above 26,000 for the first time ever.
The Dow Jones industrial average broke through 20,000 points right at the opening bell. The index crossed the line, following record highs on Tuesday.
The Dow was down 2.39 percent upon closing Friday afternoon, ending the worst two-week start to a year in history for U.S. stocks.
U.S. stocks are opening 2016 on a grim note, dropping sharply after a plunge in China and declines in Europe.
Stocks surged Tuesday morning on Wall Street, erasing some of the heavy losses of a day earlier, after China cut interest rates to try to boost the world's second-largest economy.
Stocks were deep in the red again on Wednesday, although they did rebound from a mid day swoon. At the closing bell the Dow was down 173 points at 16,141. Earlier in the day it had dipped below 16,000 for the first time since February.
The red flags were everywhere, among them weak corporate results, the looming end of stimulus from the Federal Reserve and tensions between the West and Russia.
There was a major milestone on Wall Street Thursday as stocks set new records.
Stocks have been rising sharply this year as the U.S. economy improves, companies report bigger profits and the Federal Reserve keeps up its easy-money policies.
The Dow Jones industrial average crossed 15,000 for the first time, and the Standard and Poor's 500 index, a broader market measure, rose above 1,600.
The Dow closed at an all-time high Tuesday, beating the previous record it set in October 2007, before the financial crisis and the Great Recession.
A late afternoon rally pushed the stock market higher for only the second day this month.
The Dow Jones industrial average fell 170.89 points, or 1.5 percent, to close at 11,149.82. It had been up 85 points shortly after the opening bell.
New York City is getting a new area code, but we have to wait and see what it will be.
Mary Calvi talks to Lily Braun-Arnold about her debut novel "The Last Bookstore on Earth," now a New York Times best seller.
A trial is underway for three men charged in a series of deadly overdoses outside of Manhattan nightclubs in 2022.
NYC saw a couple brutally cold weather days, but there is some relief ahead with temperatures starting to warm up.
Columbia University says it is increasing campus security after an incident involving protesters.
New York City is getting a new area code, but we have to wait and see what it will be.
A trial is underway for three men charged in a series of deadly overdoses outside of Manhattan nightclubs in 2022.
NYC saw a couple brutally cold weather days, but there is some relief ahead with temperatures starting to warm up.
Columbia University says it is increasing campus security after an incident involving protesters.
The NYPD released new data Wednesday showing crime is down by double digits along Roosevelt Avenue in Queens after their crackdown on sex trafficking, drugs and gang activity in the area.
NYC saw a couple brutally cold weather days, but there is some relief ahead with temperatures starting to warm up.
The dangerously cold weather continues around NYC, and temperatures won't climb back above the freezing mark for a while.
The cold weather just got even colder around New York City and much of the East Coast.
Snow fell across New York and New Jersey on Sunday, but how much accumulation did the area see?
New York, New Jersey and Connecticut are bracing for snow, and officials across the Tri-State Area are warning residents to be prepared.
NYC saw a couple brutally cold weather days, but there is some relief ahead with temperatures starting to warm up.
A federal judge has rejected a bid by former New Jersey Sen. Bob Menendez to get his conviction on bribery charges thrown out.
The Jets have hired former Lions defensive coordinator Aaron Glenn as their next head coach, the team announced Wednesday night.
The dangerously cold weather continues around NYC, and temperatures won't climb back above the freezing mark for a while.
New Jersey is leading a federal lawsuit to block President Donald Trump's executive order ending birthright citizenship.
Bird flu has been detected in the poultry flock at a commercial farm in Suffolk County, Long Island.
Some New Yorkers take issue with President Trump's rollback of transgender protections and federal DEI programs.
Organizations across the NYC area are marking MLK Day with special events honoring the civil rights leader's legacy.
New York, New Jersey and Connecticut are bracing for snow, and officials across the Tri-State Area are warning residents to be prepared.
Three more high-ranking MS-13 gang members pleaded guilty to their roles in killings involving machetes and guns on Long Island, prosecutors say.
The Justice Department's new leadership directed prosecutors to potentially charge state or local officials who impede President Trump's immigration policies.
New Jersey is leading a federal lawsuit to block President Donald Trump's executive order ending birthright citizenship.
Libertarian activists, who generally oppose criminal drug policies, argued the government overreached in building its case against Ross Ulbricht and the dark web marketplace Silk Road.
Mayor Eric Adams is reassuring the city's immigrant community that New York is a sanctuary city, and local law enforcement cannot cooperate with deportation efforts.
Mayor Eric Adams is defending his decision to attend the inauguration, even though he canceled appearances at several Dr. Martin Luther King Jr. Day events.
Bird flu has been detected in the poultry flock at a commercial farm in Suffolk County, Long Island.
The red food dye is used in products ranging from candies to vegetarian meats.
Officials have blamed a new strain for this winter's surge in norovirus cases.
More than 20 million egg-laying chickens in the U.S. died last quarter, federal data shows.
New York Blood Center's newest donation site just opened to the public Thursday in Midtown at a critical time for donations.
Nominations for the 97th annual Academy Awards were announced Thursday morning, with "Emilia Pérez," "A Complete Unknown" and "Conclave" at the top of the heap in nominations.
Comedian Trevor Noah will return to the Grammy Awards stage to host the 2025 ceremony — his fifth consecutive year leading the show.
Rapper Busta Rhymes has been charged with assault in New York City after he allegedly repeatedly punched another man in the face.
Every year, seven NYPD officers and seven civilians team up to create theater, and build bridges. "To Protect, Serve and Understand" started 10 years ago as a reaction to the infamous Eric Garner case.
Bob Uecker was the voice of his hometown Milwaukee Brewers who after a short playing career earned the moniker "Mr. Baseball" and honors from the Hall of Fame.
Dawson Mercer scored twice during New Jersey's four-goal second period, and the Devils beat the Bruins on Wednesday night.
The Phoenix Suns eased to a victory over the short-handed Brooklyn Nets on Wednesday night.
The Jets have hired former Lions defensive coordinator Aaron Glenn as their next head coach, the team announced Wednesday night.
The New York Knicks beat the Brooklyn Nets on Tuesday night.
Igor Shesterkin made 20 saves, Alexis Lafreniere had a goal and an assist and the Rangers beat the Senators on Tuesday night.
The dragon boating community's fate in Queens is uncertain after NYC Parks announced plans to close Pier 1 near Citi Field because of deteriorating wood.
A Brooklyn teen who survived cancer is now using her experience to support others battling the disease.
Riverside Church announced a decision to keep its Weekday School open. The decision came after pressure from the community.
Elected and faith leaders called out Mayor Eric Adams for not standing alongside citizens during the MLK Day of Service event in Harlem.
New York City's Department of Sanitation has begun what it calls a monumental overhaul of the city's commercial waste industry.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
Tens of thousands of people flooded Manhattan streets on June 2, 2024 for the 60th annual Israel Day on Fifth Parade.
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.
The 50th Annual Village Halloween Parade drew massive crowds, celebrating the theme "Upside/Down:Inside/OUT."
The CBS hit "Hot Bench" will mark its 2000th episode on Thursday. Judges Michael Corriero, Rachel Juarez and Yodit Tewolde shared how a dispute over a golden doodle ended up in the courtroom.
John Elliott has the Tri-State Area's updated Thursday afternoon forecast on CBS News New York.
Chopper 2 video shows workers clearing the debris at Sean's Pub N' Grub on Deerfield Road.
CBS News New York and the Humane Society of New York are helping our furry friends find their forever home.
January 23, 2005 was the FDNY's deadliest day since 9/11.
