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.
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 Dow Jones closed down 12.94 percent Monday, the worst one-day loss in history.
Global stock markets rebounded Tuesday after President Trump said he would ask Congress for a tax cut and other measures to ease the pain of the spreading coronavirus outbreak.
The financial markets tumbled on coronavirus fears and a crash in oil prices.
The Dow Jones Industrial Average lost 357 points, or 1.4%, to 25,409.
Meanwhile, the S&P 500 is headed for its worst week since October 2008, when the financial crisis pummeled markets.
Stocks sank sharply Monday, with key U.S. indexes on track for their worst December since the 1930s.
Trade war fears wiped more than 1,100 points off the Dow in just two days. It was Wall Street's worst week in more than two years.
Residents across Los Angeles are rattled by the staggering stock market plunge. The stock market buckled Monday under the weight of a crisis in Europe and danger of recession at home. Reeling from a downgrade of American debt, the Dow Jones industrials plunged 634 points.
Banks and airlines are nudging stocks lower Monday, while economic worries continue to weigh on markets.
New hopes that a deal would be reached for Greece to avoid defaulting on its debts sent stocks higher Tuesday. The market gave up some of its gains following a surprise drop in U.S. consumer confidence.
Stocks are mostly lower and bond yields are at a new low for the year after two reports dimmed hopes for the job market and the U.S. economy.
Stocks are opening sharply lower after warnings about the finances of several European countries reignited fears about the region's debt crisis.
Stronger earnings reports from Ford and 3M helped drive stocks higher Tuesday. The Standard & Poor's 500 index was headed for its highest close since the financial crisis.
Mixed corporate earnings reports sent stock indexes wobbling Monday.
Wall Street will focus on another full slate of corporate earnings this week as several big companies report their first-quarter performance.
Johnson & Johnson led the Dow Jones industrial average higher on Tuesday. The health-care heavyweight rose 3 percent after reporting earnings that beat Wall Street's expectations. The company also raised its full-year earnings forecast.
A warning from Standard & Poor's that the agency might lower its rating on U.S. government debt sent stocks on their steepest slide in a month Monday.
Stocks are edging higher in midday trading at the start of the last full week before the next round of corporate earnings reports begin.
Stocks plunged Tuesday and bond prices rose as the nuclear crisis in Japan intensified following a deadly earthquake and tsunami. The Dow Jones industrial average fell more than 150 points.
The Dow Jones industrial average neared 12,000 for the first time since June 2008 Monday as technology and materials companies led broad gains in the stock market.
The fire was reported just before 11 a.m. at a four-story building at S. Hope Street and W. Pico Boulevard.
The medical examiner's office has identified a man and woman who were found fatally shot inside an Altadena home.
A man was rescued from a hillside in Calabasas after his car went 200 feet over the roadway.
The search for two fishermen whose boat was found crashed and washed ashore the coastline of Palos Verdes has been suspended, the U.S. Coast Guard said Wednesday.
Dash cam footage and other video released by the Monrovia Police Department shows a pursuit of a U-Haul truck reported stolen, which authorities say ended when the suspect was arrested after rolling down a 30-foot hill.
The fire was reported just before 11 a.m. at a four-story building at S. Hope Street and W. Pico Boulevard.
The medical examiner's office has identified a man and woman who were found fatally shot inside an Altadena home.
A man was rescued from a hillside in Calabasas after his car went 200 feet over the roadway.
The eight-day Jewish holiday of Hanukkah started on Christmas Day in 2024, an occurrence that happens very infrequently.
The search for two fishermen whose boat was found crashed and washed ashore the coastline of Palos Verdes has been suspended, the U.S. Coast Guard said Wednesday.
The fire was reported just before 11 a.m. at a four-story building at S. Hope Street and W. Pico Boulevard.
The medical examiner's office has identified a man and woman who were found fatally shot inside an Altadena home.
A man was rescued from a hillside in Calabasas after his car went 200 feet over the roadway.
The search for two fishermen whose boat was found crashed and washed ashore the coastline of Palos Verdes has been suspended, the U.S. Coast Guard said Wednesday.
Dash cam footage and other video released by the Monrovia Police Department shows a pursuit of a U-Haul truck reported stolen, which authorities say ended when the suspect was arrested after rolling down a 30-foot hill.
"It's a felony?" A recently viral video shows the moments that two shoplifters discuss Proposition 36, one of the new laws in effect in California that now makes stealing a felony, all while sitting handcuffed in the back of a police car.
Undercover police saw 43-year-old Anthony Hanzal steal multiple boxes of Legos before leaving a grocery store in Fullerton, prompting what ended up being a deadly pursuit on Dec. 18.
It happened at around 4:20 p.m. near Orangewood Avenue and Court Street, according to the Orange County Sheriff's Department.
Holiday joy lit up the sky and water in Orange County as the Newport Beach Boat Parade started this week.
Johnny Anchondo led authorities on a wild pursuit through Orange and LA counties on Nov. 9, 2022, during which he crashed several times, rammed police cars and stole multiple vehicles.
The crash happened just after 1 p.m. on northbound lanes near Rainbow Valley Boulevard, according to the California Highway Patrol.
Deputies were dispatched to a crash in the 13000 block of Leota Court at around 7:20 p.m. on Sunday, according to a statement from the Riverside County Sheriff's Office.
Four people, two of which were juveniles, were arrested in San Bernardino County after allegedly trying to carjack a person during a road rage incident in early December.
The scam is targeting attendees of the Mission Inn's beloved Festival of Lights, which features millions of holiday lights adorning the historic hotel.
The blaze, which spread quickly, caused more than$100,000 worth of damage to equipment inside of the facility, deputies said.
Is your recycled Starbucks cup ending up where you expected? A CBS News investigation says that it probably isn't.
While sometimes slow, the tracing system from the Bureau of Alcohol, Tobacco Firearms and Explosives played an instrumental role in helping law enforcement locate the man who opened fire inside a Monterey Park dance hall in 2022.
Following a deadly hijacking of a Metro bus, Ross Palombo digs through data about violence on the Metro system.
Ross Palombo goes over the crime statistics available for the Metro.
KCAL News investigates connection between Beverly Hills armed robbery and gun belonging to notorious police killer Christopher Dorner.
A body was found in the wheel well of United Airlines Flight 202, which left Chicago for Hawaii on Dec. 24, the airline said.
President Biden signed legislation Christmas Eve to make the bald eagle officially the U.S. national bird.
Last-minute grocery items and gifts can be found on Christmas Day, but many retailers and chains may be closed today.
The eight-day Jewish holiday of Hanukkah started on Christmas Day in 2024, an occurrence that happens very infrequently.
Among the new laws signed by President Biden are Paris Hilton's bill to protect institutionalized teenagers and a bill to address hazing on college campuses.
President Biden signed legislation Christmas Eve to make the bald eagle officially the U.S. national bird.
Among the new laws signed by President Biden are Paris Hilton's bill to protect institutionalized teenagers and a bill to address hazing on college campuses.
President Biden vetoed an effort to add 66 federal district judgeships, saying "hurried action" by the House left important questions unanswered.
President Biden is granting clemency to 37 of the 40 federal inmates facing death sentences. Their sentences will be commuted to life in prison without the possibility of parole.
A report by the House Ethics Committee found former Rep. Matt Gaetz paid multiple women, including a 17-year-old girl, for sex.
Grocery giant Albertsons will pay nearly $4 million to settle a lawsuit accusing it of overcharging customers at hundreds of Albertsons, Safeway and Vons supermarkets.
A federal judge has blocked a new California law allowing any person to sue for damages over election deepfakes.
Californians with iPhones and Apple Watches will now be able to store digital versions of their driver's licenses and identification cards on their devices, state officials announced.
The authorization comes after a week-long voting period for the more than 6,000 Food4Less workers represented by the United Food and Commercial Workers Local union.
A string of recalls connected to Wisconsin-based supplier Schreiber Foods has now extended to Aldi stores after similar recalls at Hy-Vee and other grocery chains.
California Gov. Gavin Newsom issued an emergency proclamation on Wednesday in response to growing concerns over bird flu cases in the state and across the country.
Cases now reported in eight states related to Yu Shang Food products sold online and at stores nationwide, officials say.
Public health officials are urging residents and business owners to monitor their water sources after seven people reported contracting Legionnaire's Disease in recent days.
The first case in the U.S. of a more severe strain of mpox was reported in San Mateo County, the California Department of Public Health said.
The "Dawson's Creek" alum shared the news on Sunday and said that despite the diagnosis, there is "reason for optimism, and I'm feeling good."
The lawsuit contends that multiple food truck operators have created constant nuisance outside of the store in the form of congestion, trash generation and rudeness to store employees.
California Gov. Gavin Newsom announced Monday that the state would renew a rebate program for electric vehicles if the incoming Trump administration eliminates the current federal tax credit.
Avid coin collectors jumped at the chance to get their hands on a rare "double eagle" gold coin at a Southern California auction house.
Los Angeles County is taking on Pepsi and Coke for their role in plastic pollution.
Two more members of the Los Angeles Times editorial board have resigned after the newspaper's owner blocked its plan to endorse Democratic Vice President Kamala Harris for president.
Tomas Hertl scored a go-ahead goal in the third period, Adin Hill made 31 saves and the Vegas Golden Knights defeated the Anaheim Ducks 3-1.
The Detroit Pistons held off the Los Angeles Lakers 117-114 to sweep the clubs' season series.
Norman Powell scored 29 points, including four in the final 25 seconds to lead the Los Angeles Clippers to a 114-110 victory over the Memphis Grizzlies.
Buehler's deal is reportedly worth $21.05 million for the 2025 season.
Southern California jumped to No. 4 in The Associated Press women's college basketball poll on Monday after edging UConn.
The appeal had asked the court to reinstate charges, including involuntary manslaughter, against Alec Baldwin.
The lawsuit lays out Blake Lively's allegations against Justin Baldoni during their time working on "It Ends with Us."
Tory Lanaz, who is serving a 10-year prison sentence for shooting Megan Thee Stallion in the feet, is harassing her from prison through surrogates, the petition alleges.
A spokesperson for Foxx said that he had to get stitches after he was hit in the face by a glass thrown from someone else in the restaurant.
Sean "Diddy" Combs filed a motion Friday to dismiss his appeal for bail, meaning he will stay in jail until his trial on sex trafficking charges in May 2025.
Vendors lined the street in Leimert Park as a festival and parade marked the start of the Kwanzaa holiday.
Cirque Du Soleil Kooza is more than just a circus. The storytelling and artistry follow the journey of “The Innocent,” a character transported to an exotic kingdom. The show is returning to the Santa Monica Pier for the first time since 2014.
Ashley Rose Sweeting, 40, of Reseda is accused of driving the alleged shooter to and from the parking lot where Dr. Hamid Mirshojae was shot as he was leaving his medical clinic on Aug. 23.
A vacant four-story building at S. Hope Street and W. Pico Boulevard went up in flames Thursday, as firefighters worked to put out the blaze which consumed the fourth, top floor of the structure.
Sheba Turk and food reviewer Alex Cottrell get a taste of the newly opened Komal, serving up Mexico City-style street food.
The Franklin Fire in Malibu quickly grew overnight and threatened several homes. Evacuation orders were issued and Pepperdine University instructed students to shelter in place.
Several people have been injured and multiple homes burned after the Mountain Fire broke out Wednesday morning in Ventura County, burning over 10,000 acres within hours.
KCAL News Anchor and three-time Emmy award-winning journalist Chauncy Glover has died.
Los Angeles comes out to celebrate the Boys in Blue two days after winning the 2024 World Series.
The Los Angeles Dodgers are World Series champions after defeating the New York Yankees in game 5.
