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Stock Market Plummets Amidst Growing Fears Of COVID's Delta Variant
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?
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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 Vietnam Veterans Memorial in North Long Beach has become a target for vandals.
The Los Angeles County Sheriff's Department issued a shelter-in-place order for a Lancaster neighborhood after a nearby scrap yard caught fire Thursday afternoon.
Vaughn acquired a majority ownership stake in the National Pickleball League's Coachella Valley Scorpions.
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The Vietnam Veterans Memorial in North Long Beach has become a target for vandals.
The Los Angeles County Sheriff's Department issued a shelter-in-place order for a Lancaster neighborhood after a nearby scrap yard caught fire Thursday afternoon.
Vaughn acquired a majority ownership stake in the National Pickleball League's Coachella Valley Scorpions.
Rahman Snook Abdallah, 19, of Long Beach, and Raylon Deshawn Akers, 23, of Los Angeles, are charged with one count each of murder in the March 20 killing of Yener Ramirez Miranda, along with an allegation that each used a handgun.
Lifestyle expert Sadie Murray shows us some must-have items that will leave your skin looking radiant and healthy.
The Vietnam Veterans Memorial in North Long Beach has become a target for vandals.
The Los Angeles County Sheriff's Department issued a shelter-in-place order for a Lancaster neighborhood after a nearby scrap yard caught fire Thursday afternoon.
Vaughn acquired a majority ownership stake in the National Pickleball League's Coachella Valley Scorpions.
Rahman Snook Abdallah, 19, of Long Beach, and Raylon Deshawn Akers, 23, of Los Angeles, are charged with one count each of murder in the March 20 killing of Yener Ramirez Miranda, along with an allegation that each used a handgun.
Anne Russell Sullivan, president of Greater Los Angeles Realtors Association, warns that sellers have more than just a mess to worry about if partygoers break in, there's tremendous liability.
A man convicted of killing four people as part of a failed plot to take over a drug business was sentenced to life in prison without the possibility of parole.
The Secret Service agent was not part of President Joe Biden's protective detail.
Pedro Gallegos-Garcia, was extradited from Mexico last week after he was arrested in connection with a deadly shooting at a quinceañara in Costa Mesa in 2006.
A Caltrans worker was struck and killed by a tow truck while picking up trash along the side of the I-5 Freeway in San Clemente on Monday.
Orange County investigators arrested a 29-year-old on Wednesday for allegedly starting several vegetation fires in San Juan Capistrano right before the Fourth of July.
Luis Contreras allegedly killed Alfonso Vera, who was trying to stop another man from beating a woman.
Loved ones and friends came together on a Menifee softball field to mourn the deaths of three young softball players and their mother after they died during a road trip.
A Planned Parenthood in Fontana suffered another blow after the city extended its building moratorium for another year on Tuesday.
Residents found the landlord surrounded by several of his dogs after he died.
In all, agents recovered 28 rifles, one handgun, 30 high-capacity magazines and more than 2,200 rounds of ammunition of various calibers, the department reported.
Board Chair Janice Hahn rides the Metro after the agency reached a five-year high in violent crime incidents.
Ross Palombo digs through the numbers to give the bigger picture behind California fundraising for both presidential candidates.
After a two-year KCAL News Investigation uncovered serious concerns about police selling their old weapons, a new case study has brought a new light to where agencies buy their new guns.
Thousands of guns once owned by law enforcement have been found at crime scenes, including at incidents in Southern California, an in-depth investigation has revealed.
"No teacher should have to lie as part of their job". Ross Palombo talks to a teacher in the Los Angeles Unified School who says he was told to lie about class attendance, which is how the state calculates funding from your tax dollars.
Gov. Gavin Newsom's order would direct state agencies on how to remove the thousands of tents and makeshift shelters across the state that line freeways, clutter shopping center parking lots and fill city parks.
Hundreds of the nation's top athletes will represent Team USA in Paris at the 2024 Olympics.
A wildfire called the Park Fire, which started Wednesday afternoon near Chico, California, exploded in size overnight, and a man is under arrest on suspicion of arson.
President Biden said it's been the privilege of his life to serve the country for over 50 years.
Trump turned his full focus on Vice President Kamala Harris in North Carolina, a swing state that Trump has carried in the past, but Democrats have seen as pivotal.
The California Supreme Court unanimously upheld Proposition 22, allowing app-based drivers to remain as independent contractors rather than employees.
President Biden said it's been the privilege of his life to serve the country for over 50 years.
FBI Director Christopher Wray faced questions from the House Judiciary Committee about the bureau's investigation into the Trump assassination attempt.
Trump turned his full focus on Vice President Kamala Harris in North Carolina, a swing state that Trump has carried in the past, but Democrats have seen as pivotal.
California Gov. Gavin Newsom said in his new podcast that President Joe Biden's announcement that he would be dropping out of the 2024 presidential race took him by surprise.
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.
Target, looking for ways to add sales, is relaunching its Target Circle loyalty program including a new paid membership with unlimited free same-day delivery in as little as an hour for orders over $35.
When, who and how much to tip is becoming more of a question in consumers' minds.
One in four college students says they have credit card debt, according to a new survey by U.S. News and World Report. And with interest rates topping 20 percent, those students could be in debt for years. On Your Side's Kristine Lazar has more on the biggest mistakes college students are making with their credit cards.
One French sports official says "nothing has been put into place" by Paris Olympics organizers to avoid or handle a potential coronavirus outbreak.
A warning of a Listeria monocytogenes outbreak affecting 12 states, including Pennsylvania, New Jersey and New York, was issued by the CDC Friday afternoon linking infections to sliced meat at deli counters.
One product contained 16 different metals, with researchers calling for rules requiring manufacturers to test tampons.
A case of H5 influenza, also known as bird flu or avian influenza, has been confirmed in a man who was working at a dairy farm in northeastern Colorado.
The CDC says it is too early to say if this year's summer COVID-19 surge has arrived.
The U.S. Olympic and Paralympic Committee filed a federal lawsuit this week alleging Prime, Logan Paul's energy drink company, of infringing on the committee's trademarks.
Angel City FC says Walt Disney Company CEO Bob Iger and Southern California dean for communication and journalism Willow Bay will be the new controlling owners of the National Women's Soccer League team.
Tech mogul Elon Musk said Tuesday afternoon that he would be moving the headquarters of both his social media company X and SpaceX to Texas in response to a new California law signed by Gov. Gavin Newsom.
Gov. Newsom Saturday signed a state budget to close an estimated $46.8 billion deficit through $16 billion in spending cuts and business tax increases.
Democrat lawmakers in California have agreed to delay a minimum wage increase for about 426,000 health care workers to help balance the state budget.
Hundreds of the nation's top athletes will represent Team USA in Paris at the 2024 Olympics.
One French sports official says "nothing has been put into place" by Paris Olympics organizers to avoid or handle a potential coronavirus outbreak.
The IOC also voted on Wednesday to name the French Alps as the host of the 2030 Winter Games.
Shohei Ohtani had two hits and drove in three runs, rookie Landon Knack pitched five solid innings and the Los Angeles Dodgers extended their winning streak to five games by beating the San Francisco Giants 5-2.
José Soriano allowed one run in 7 2/3 innings, Luis Rengifo delivered a key two-run single in his return from the injured list, and the Los Angeles Angels beat the Seattle Mariners 5-1.
Hundreds of the nation's top athletes will represent Team USA in Paris at the 2024 Olympics.
Rapper and sports fan Snoop Dogg will carry the Olympic flame through the suburb of Saint-Denis, north of Paris.
Regency Theatres' Westwood Village and Bruin theaters will close their doors on Thursday as their leases expire, ending a nearly 100-year run for the two iconic locations.
Shannen Doherty had accused Kurt Iswarienko of prolonging the divorce so he didn't have to pay spousal support.
Bob Newhart, who starred in the long-running sitcoms "The Bob Newhart Show" and "Newhart," has died at age 94.
It started at about 3:10 p.m. at the intersection of West Avenue H-8 and North Sierra Highway. As firefighters tried to extinguish the blaze, a large plume of black smoke billowed from the property's western edge. The Los Angeles County Fire Department believed about 1,000 vehicles were consumed in the inferno, and more could have gone up in flames. Firefighters believed there might be 1,000 more that could burn.
Representatives with Marina City Club said small fires have been set in different common areas of the property, and LASD arson investigators are looking into nine of the fires at the site.
The Los Angeles County Sheriff's Department issued a shelter-in-place order for a Lancaster neighborhood after a nearby scrap yard caught fire Thursday afternoon.
The Vietnam Veterans Memorial in North Long Beach has become a target for vandals. KCAL's Lesley Marin speaks to outraged veterans calling for the fixture to be restored.
Lift coffee owner, Stephen Trujillo talks about the food truck explosion caused by propane and his concern for the five employees injured.
A look back at the hallowed career of the indie "B-movie" filmmaker, known for exploitation films, monster flicks, and some bizarre movie posters.
Shots from the second day of the JM Eagle LA Championship held at the Wilshire Country Club in the Palos Verdes Estates.
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 Academy Awards will hand out filmmaking's top honor in 23 categories during the 2024 Oscars at the Dolby Theatre in Hollywood, starting at 7 p.m. Eastern, 4 p.m. PDT.
Shots from the PGA's Genesis Invitational golf tournament held at the Riviera Golf Club in the Pacific Palisades.