Stock Drop Rattles Investors After Long Market Run-Up
The 1,175-point drop in the Dow Jones industrial average Monday — about 4.6 percent of its value — capped two days of losses that have erased the stock market's gains for the year.
Watch CBS News
The 1,175-point drop in the Dow Jones industrial average Monday — about 4.6 percent of its value — capped two days of losses that have erased the stock market's gains for the year.
The Dow Jones Industrial Average had its biggest single day point decline in its history-- at one point down 1,500 points.
The Dow Jones industrial average plunged 1,175 points, or 4.6 percent, erasing its gains for the year.
Stocks ended their worst week in two years Friday, and the Dow's drop was its biggest in percentage terms since June 2016.
Advances in technology have already reshaped stock trading, and now investors with TD Ameritrade can trade stocks around the clock during the week.
Stocks are closing higher on Wall Street, sending the Dow Jones industrial average to its first close above 26,000 points.
The Dow Jones industrial average closed above 25,000 points for the first time, just five weeks after its first close above 24,000.
Stock indexes closed higher on the first trading day of 2018, led by gains in big technology companies.
Investors welcomed signs that the odds were improving for the Republican-led effort to forge a sweeping tax overhaul bill.
Under Armour is cutting its annual outlook again, sending shares plunging 12 percent before the opening bell.
Facebook's shadow continues to hang over Snapchat as its parent company reported disappointing numbers. Snap Inc. had a massive loss and saw user growth continue to slow down in the first three months of the year.
The company behind the popular messaging app Snapchat is expected to start trading Thursday after a better-than-expected stock offering.
U.S. stocks extended a rally into a sixth day, bringing new all-time highs for major indexes.
The Standard & Poor's 500 index is closing at a record high, beating the mark it set in August.
U.S. stocks caved as Wall Street joined global markets in a collective rush from risk assets in the wake of Britain's vote to depart the European Union.
U.S. stocks plunge in early trading after Britain votes to leave the European Uniopn; bonds, gold prices rise.
American Airlines Group Inc. (AAL) on Friday reported first-quarter net income of $700 million.
Another plunge in the price of crude oil sent stocks sharply lower on Wednesday.
Stock prices in China fell so fast that for the second time in four days, circuit-breaker mechanisms kicked in and halted trading, this time after just 30 minutes.
Cabela's may be seeking a buyer for all or some of the sports chain.
U.S. stocks stepped sharply higher on Tuesday, with investors expressing relief after China reduced its benchmark lending rate for the fifth time since November and cut the level of cash reserves required of banks.
U.S. stocks took it on the chin for a third session in a row on Monday, after an attempted bounce-back lost steam, leaving the Standard & Poor's 500 Index in a correction.
Stocks plunged Monday after the opening bell, following the lead set by overseas markets as an intensifying rout persisted in all but assets viewed as safe havens.
S&P Dow Jones Indices says that American Airlines Group will soon be joining the S&P 500 index.
Twitter had a strong public stock debut Thursday in the most highly anticipated initial public offering since Facebook's last year.
The warmth will continue with highs in the mid-80s by Tuesday afternoon, which will eventually reach the 90s by Thursday.
Federal authorities have indicted a dog breeder who was secretly recorded on video shooting and killing a dog, which led to a raid on her East Texas ranch.
"Mentally, it's not a good feeling," Jordan Warbington said.
Andrew McCutchen will be on the opening day roster for the Texas Rangers.
Since early February, residents of the Big Bend region have been outspoken about border wall plans.
The warmth will continue with highs in the mid-80s by Tuesday afternoon, which will eventually reach the 90s by Thursday.
Federal authorities have indicted a dog breeder who was secretly recorded on video shooting and killing a dog, which led to a raid on her East Texas ranch.
"Mentally, it's not a good feeling," Jordan Warbington said.
Check how your entry in the CBS Texas Bracket Challenge is doing, and how you stack up against CBS Texas VIPs!
Andrew McCutchen will be on the opening day roster for the Texas Rangers.
The moratorium does not affect companies already enrolled in Medicare.
The state is already home to nearly 400 data centers, but hundreds more are in the works.
The crash sparked a nearly three‑year I‑Team investigation into Fort Worth police pursuit policies.
It started with a complaint from a male officer.
Austin medical supply business accused of Medicare fraud, funneling millions overseas, federal complaint says.
The Defense Department says it will issue new press credentials but remove media offices from the Pentagon, after a judge ruled that the military's new rules to get access to the Pentagon were unconstitutional.
U.S. officials say assessments show at least a dozen Iranian mines in the Strait of Hormuz as President Trump backs off his threat to target Iran's energy infrastructure over claims of productive peace talks
A statue of Christopher Columbus been placed on the grounds of the Eisenhower Executive Office Building adjacent to the White House.
The Trump administration began deploying U.S. Immigration and Customs Enforcement agents to some of the busiest airports in the country Monday morning.
The Supreme Court is considering a challenge to a Mississippi law that allows ballots that are postmarked by but received up to five days after Election Day to be counted.
Zoox, owned by Amazon, produces its own autonomous vehicles that it says are built for passengers, not drivers.
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.
While retailers like Amazon, Macy's and Target are extending their return window for gifts bought during the holidays, some stores are adding fees to return purchases.
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.
Texas Agricultural Commissioner Sid Miller is calling for a statewide ban on non-water additives, such as fluoride, in the public water system.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
USALESS.COM is recalling its Rhino Choco VIP 10X product due to the undeclared presence of Tadalafil, which is the active ingredient in Cialis.
Eagle Mountain-Saginaw ISD said that the decision was made after consultation with Tarrant County Public Health.
The McKinney Fire Chief already has AED's placed in all police and fire vehicles.
Small businesses along South Akard Street say the removal of a key bridge connecting Downtown Dallas to the Cedars neighborhood is already driving customers away, with no return of direct access expected until 2028.
An Amazon Prime delivery in Richardson this week left more behind than intended.
Prominent political and business leaders are named in the documents released by the Justice Department in connection with its investigations into Jeffrey Epstein.
A Dallas coffee chain says it's caught in a political firestorm after a walkout over an ICE discount.
During the World Cup, soccer fans will be able to get a taste of what North Texas' new professional soccer team, Atletico Dallas, has to offer.
Andrew McCutchen will be on the opening day roster for the Texas Rangers.
Olivia Miles had a double-double with 18 points and 10 rebounds while adding some big assists late as third-seeded TCU finally overcame Washington for a 62-59 overtime victory.
Reilly Smith scored the tiebreaking goal with 3:38 left in the third period and the Vegas Golden Knights beat Dallas 3-2, denying the Stars' bid to clinch a playoff berth.
Madison Booker scored a career-high 40 points in a dazzling display of shot making, and No. 1 Texas rolled past No. 8 Oregon 100-58 Sunday in the second round of the women's NCAA Tournament.
DraftKings pushed back on the accusation, saying in a statement that it is not engaging in trademark infringement.
Local reports estimate that roughly 40,000 people gathered across central Seoul to watch K-pop band BTS reunite.
CBS News announced Friday that CBS News Radio will be shutting down this spring after nearly 100 years of broadcasting, citing "challenging economic realities."
Bodycam video footage of Justin Timberlake's June 2024 DWI arrest on Long Island was released to the media Friday.
Chuck Norris' family said his death at 86 was sudden, but did not share any details on the cause.
Law enforcement sources told CBS News that additional images were obtained from surveillance cameras installed at Guthrie's Tucson home, but they showed nothing suspicious.
The Red Bull Flugtag Airshow returned to Las Colinas on Saturday after a 12-year hiatus. Teams are tasked with constructing a flying machine and putting it to the test. It's estimated that around 25,000 people attended the event.
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.
The Neonatal Intensive Care Unit babies at Texas Health locations across North Texas celebrated Valentine's Day.
As Anthony Davis prepared for his debut game at the AAC, Dallas Mavericks fans took to the arena to protest the controversial trade.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
