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 suspect allegedly shot at officers and ran into a nearby home. He was hospitalized in a stable condition.
The California Highway Patrol is searching for a driver who allegedly killed a 16-year-old bicyclist during a road rage incident at Exposition Park on Friday.
Concrete barriers inexplicably appeared along several street parking spots in Chatsworth.
The California Highway Patrol closed the 5 Freeway between Newhall and Sylmar for a death investigation.
Police recovered more than $200,000 in Nike Jordan shoes during a California Highway Patrol operation in Anaheim.
The suspect allegedly shot at officers and ran into a nearby home. He was hospitalized in a stable condition.
The California Highway Patrol is searching for a driver who allegedly killed a 16-year-old bicyclist during a road rage incident at Exposition Park on Friday.
Concrete barriers inexplicably appeared along several street parking spots in Chatsworth.
The California Highway Patrol closed the 5 Freeway between Newhall and Sylmar for a death investigation.
Police recovered more than $200,000 in Nike Jordan shoes during a California Highway Patrol operation in Anaheim.
The suspect allegedly shot at officers and ran into a nearby home. He was hospitalized in a stable condition.
The California Highway Patrol is searching for a driver who allegedly killed a 16-year-old bicyclist during a road rage incident at Exposition Park on Friday.
Concrete barriers inexplicably appeared along several street parking spots in Chatsworth.
The California Highway Patrol closed the 5 Freeway between Newhall and Sylmar for a death investigation.
Police recovered more than $200,000 in Nike Jordan shoes during a California Highway Patrol operation in Anaheim.
Police recovered more than $200,000 in Nike Jordan shoes during a California Highway Patrol operation in Anaheim.
With the holiday season quickly approaching, police warned residents to be wary of porch pirates after a brazen theft in front of an Irvine home.
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 cat was scared up a tree by one of the neighborhood's small dogs before getting tranquilized and relocated by wildlife officials.
Park officials say the ride had technical difficulties. Twenty-two riders were involved. Two were brought to a hospital.
The Riverside County District Attorney's Office declined to file charges against the suspected sexual predator who tried to meetup with a Temecula teenager for sex because they said more evidence was needed before they could take action.
The woman told firefighters that she had fallen into the hole sometime Tuesday evening and wasn't discovered until a passerby heard her screaming for help.
Undercover detectives posed as a teenage girl online and began talking with a 43-year-old man from Arizona who expressed his intent to meet up for sexual purposes.
It happened at around 9:15 p.m. on Friday near the intersection of SR-74 and White Avenue, according to California Highway Patrol officers.
Investigators arrested the 46-year-old man after an undercover operation revealed he was trying to meet a minor for sexual purposes.
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.
Ross Palombo shows how investigators arrested the man accused of starting the Line Fire after they spotted his white truck. Palombo also speaks to the man's family.
Laboratory findings show that Yu-Shang Food ready-to-eat meat and poultry products were making people sick, the CDC said.
The 17-time Grammy Award-winning artist's new album features 12 songs.
Trump's sentencing in the "hush money" case has been delayed by a New York judge.
Shohei Ohtani becomes the second player named MVP in both the American and National leagues.
President-elect Donald Trump made the announcement Thursday evening after Matt Gaetz withdrew himself from consideration.
Trump's sentencing in the "hush money" case has been delayed by a New York judge.
President-elect Donald Trump made the announcement Thursday evening after Matt Gaetz withdrew himself from consideration.
President-elect Donald Trump announced Gaetz as his nominee to be attorney general last week.
Los Angeles County Supervisors are calling for a county-run homeless department after a recent audit found that the Los Angeles Homeless Services Authority was having a number of issues, including the handling of funding provided for direct response to the homeless crisis.
Dr. Mehmet Oz unsuccessfully ran for Senate in 2022. Now he's Trump's choice to lead the Centers for Medicare and Medicaid Services.
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.
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."
Public health officials have reported two more locally acquired cases of the mosquito borne illness dengue in Los Angeles County, bringing the total to 11 cases in recent weeks.
McDonald's says Quarter Pounders will be back on the menu at hundreds of its restaurants after testing ruled out beef patties as the source of an E. coli outbreak.
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.
Thousands of mental health workers at Kaiser Permanente facilities spanning across Southern California went on strike on Monday, calling for increased pay and restored pension plans, amid other demands.
Workers at seven CVS pharmacies in Southern California have gone on strike for better pay and health care and to protest what they say is bad-faith contract bargaining by the company.
Shohei Ohtani becomes the second player named MVP in both the American and National leagues.
Sebastian Mack scored 21 points, Tyler Bilodeau hit 4 of 4 from 3-point range and finished with 20 points and UCLA beat Idaho State 84-70.
Ukko-Pekka Luukkonen stopped 24 shots, Jason Zucker scored the game's only goal, and the Buffalo Sabres beat the Los Angeles Kings 1-0.
James Harden scored 24 points and the Los Angeles Clippers won their sixth game in a row at their new arena, beating the Orlando Magic 104-93.
Freddie Freeman's historic walk-off grand slam ball from Game 1 of the World Series is hitting the auction block.
The 17-time Grammy Award-winning artist's new album features 12 songs.
For years, actor and comedian Katt Williams has claimed he lied about his age as a teenager to join the Marines and passed boot camp before being drummed out. The Marines have no record of him ever serving.
The much-hyped fight pitting the 58-year-old Tyson against Paul, 27, shattered records but was marred by tech glitches.
Betty White will be honored with a stamp in 2025, the U.S. Postal Service announced on Friday.
Mattel apologizes for inadvertently directing people to pornography site instead of one promoting upcoming film.
An infant has died in California and nine people were hospitalized across four states in the latest listeria outbreak, the Centers for Disease Control and Prevention said in a news statement. Nicole Comstock reports.
The California Highway Patrol is searching for a driver who allegedly killed a 16-year-old bicyclist during a road rage incident at Exposition Park on Friday.
Amanda Starrantino heads to Culver City for SoCal Spotlight.
While it's unclear why the concrete barriers were placed along some Chatsworth streets, homeless advocates claim that it is meant to deter RVs and homeless residents from parking or staying in the area. Gio Insignares reports.
Police closed the southbound 5 Freeway near the CA-14 transition road for an investigation.
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.
The Los Angeles Dodgers win the World Series in Game 5 in a 7-6 win over the New York Yankees
