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It's understandable if people are getting dizzy watching the Dow, considering Wednesday's shocking 519 point plunge. That was just the latest go round on the Dow's recent wild ride as the index closed up 423 points on Thursday.
It was yet another rough day on Wall Street Wednesday, a day after the Dow Jones Industrial Average posted its biggest gain since early 2009.
The Dow picked up steam late in the trading day Tuesday and closed up nearly 430 points.
The U.S. stock market joined a sell-off around the world Monday in the first trading since Standard & Poor's downgraded American debt.
On Wall Street, all three major indices dropped more than 2 percent Tuesday following news that consumers cut their spending in June.
Leaders of the House and Senate say votes could come as early as this evening on the deficit-cutting plan that's expected to avert a government default on its debts.
Both the Republican and Democratic leaders of the Senate are throwing their weight behind a debt-limit agreement sealed with President Barack Obama and top leaders of Congress.
Executives from the country's biggest banks met with U.S. Treasury officials Friday to discuss how debt auctions will be handled if Congress fails to raise the borrowing limit before Tuesday's deadline.
The Treasury invited 20 of the largest banks to a meeting to discuss an upcoming quarterly auction of government debt.
The stalemated political tug of war over raising the debt ceiling has Mayor Michael Bloomberg saying it's already hurting our reputation in the minds of investors around the world.
New York Sen. Charles Schumer says failure to the national debt crisis threatens New Yorkers' Social Security and veterans' benefits checks.
US Representative Eliot Engel says compromise over the debt ceiling may not be achievable and says the president should act unilaterally.
The standoff on Capitol Hill over deficit reduction and raising the debt ceiling shows no signs of breaking.
If a deal is approved, Connecticut could avoid laying off state workers. On the verge of that approval, Gov. Dan Malloy spoke with WCBS 880 about the state's budget and the debt-ceiling debate in Washington.
Republican Rep. Peter King of Long Island says if President Barack Obama and House Speaker John Boehner don't come back together to get a deal to raise the debt ceiling, then, in his words the House will reach its own agreement with the Senate.
Strong profits and a bipartisan plan to lift the U.S. debt limit drove a stock market rebound Tuesday.
Bloomberg said talk about deficit reduction and the debt ceiling need to be separated. He says that would increase the likelihood of a deal and reduce the odds of financial damage to the economy.
The New Jersey Devils beat the Montreal Canadiens on Thursday night for their fourth win in five games.
The Buffalo Sabres beat Igor Shesterkin and the New York Rangers on Thursday night.
The drought in New Jersey is putting serious stress on two of the Garden State's top crops – blueberries and cranberries.
New York City will end its controversial debit card program for migrants.
The FBI said it was aware of "the offensive and racist text messages sent to individuals around the country."
New York City will end its controversial debit card program for migrants.
As work is being completed on a six-block stretch of the Ocean Parkway Greenway, cyclists say the rest of the bike path is overdue for upgrades.
A Bronx community is mourning the loss of Andre Beadle, a car enthusiast who died after he crashed his speeding car in Queens, according to police.
A desperate search is ongoing for a missing vulnerable adult from Roosevelt Island.
Prosecutors have called more than a dozen witnesses so far in the trial of Daniel Penny, the Marine veteran charged in the chokehold death of 30-year-old Jordan Neely on board the subway last year.
Connecticut election results show Vice President Kamala Harris won the state, and Sen. Chris Murphy was reelected, CBS News projects.
This Election Day is expected to be one of our warmest ever on record for New York City and the surrounding area.
Here's how to find your polling location for Election Day 2024 in New York, New Jersey and Connecticut.
Here's when polls opened and closed Tuesday for Election Day 2024 in New York, New Jersey and Connecticut.
A warming trend starts Monday around the NYC area, with record-breaking temperatures expected later this week.
The drought in New Jersey is putting serious stress on two of the Garden State's top crops – blueberries and cranberries.
Roads are closed around the Black Run Preserve in Evesham Township, New Jersey, as the Bethany Run wildfire burns.
Two New Jersey Democrats made history on Tuesday, but vote margins in the state are reasons for some concern.
Fire officials said the conditions in New Jersey are the driest they've seen in the history of their department.
As part of our #BetterTogether initiative, we are partnering for the third year with the Community Food Bank of New Jersey to help feed families this holiday season.
The owners of a Long Island rental home were sentenced to probation and community service Thursday in connection to a 2022 fire that killed two sisters.
Four years after the heartbreaking death of 8-year-old Thomas Valva, change is coming to the Suffolk County department blamed for ignoring repeated reports of abuse.
New York State Police say they are now conducting two investigations into Long Island State Trooper Thomas Mascia, who claimed he was shot in the leg while on the job last week.
New York Sen. Kirsten Gillibrand has won her bid for reelection against Republican challenger Mike Sapraicone, CBS News projects.
Democrat Laura Gillen has unseated Rep. Anthony D'Esposito in New York's 4th Congressional District, CBS News projects.
Longtime political operative Susie Wiles is known as a formidable, behind-the-scenes force.
Democrats have watched their margin of victory shrink in New York City in three consecutive general elections.
Giuliani got a tongue lashing Thursday in federal court after missing a deadline to turn over valuables to two election workers he defamed. He owes the women $148 million in damages.
Incumbent Republican Rep. Marc Molinaro has been defeated by Democratic challenger Josh Riley in New York's Congressional District 19 race, CBS News projects.
President Biden addressed the nation on the election results and the transition of power, with his predecessor set to return to the White House.
The manufacturer of tumblers sold at Wawa stores says it has received four reports of cuts from the product's metal drinking straws.
Decision to cut topping comes as officials work to confirm source of E. coli outbreak linked to McDonald's Quarter Pounders.
Gov. Kathy Hochul on Tuesday announced a $150 million investment in a new state-of-the-art cell and gene therapy hub to be built on Long Island.
Dozens of New York and New Jersey schools are impacted by a recall of meat and poultry products potentially contaminated with listeria.
The worst rates of the infection known as "walking pneumonia" or "white lung pneumonia" are in young children ages 2 to 4 years old.
Staten Island's Wu-Tang Clan is being celebrated by the New York City Department of Transportation with limited edition "Wu-Tang Clan District" street signs.
Brooklyn rapper Tekashi 6ix9ine is one step closer to being released from jail after making a deal with federal prosecutors.
Quincy Jones, the multi-talented music legend who collaborated with everyone from Michael Jackson to Frank Sinatra, has died at 91, his family announced.
Rapper Tekashi 6ix9ine has been arrested in New York City for alleged violations of the conditions of supervised release that were set when he was sentenced several years ago to two years in prison in a racketeering case.
Teri Garr rose from being a background dancer in Elvis Presley movies to co-star in such favorites as "Young Frankenstein" and "Tootsie."
The New Jersey Devils beat the Montreal Canadiens on Thursday night for their fourth win in five games.
The Buffalo Sabres beat Igor Shesterkin and the New York Rangers on Thursday night.
The Atlanta Hawks rallied late to beat the New York Knicks on Wednesday night.
Bo Horvat scored the only goal in a shootout and the New York Islanders rallied past the Pittsburgh Penguins on Tuesday night.
The Steelers have traded for a wide receiver from the Jets and an edge rusher from the Packers before the NFL's trade deadline.
As work is being completed on a six-block stretch of the Ocean Parkway Greenway, cyclists say the rest of the bike path is overdue for upgrades.
A Bronx resident says illegally parked RVs and abandoned vehicles have been an eyesore in his community for years.
PowerUP is a business competition started by the Brooklyn Public Library following economic turmoil in the wake of 9/11.
Harlem School of the Arts students designed and painted four new murals for Wollman Rink.
In the Queens neighborhood known as Little Guyana, preparations are underway for the community's annual Diwali festival.
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."
Water is back on for 20 Queens residents after a gas line leak impacted a water line on Thursday morning.
With inflation falling, the Federal Reserve is cutting its benchmark rate by a quarter of a percentage point, but it's not clear where interest rates go from here. CBS News New York's Jennifer Bisram reports.
Democrats have watched their margin of victory shrink in New York City in three consecutive general elections. According to the CBS News Data Team, in the Bronx, a 79% margin of victory in 2016 shrunk to about 45% this year. CBS News New York's Doug Williams went to the Castle Hill neighborhood to find out why.
Newburgh Free Academy has canceled its playoff game and ended the season as an investigation looks at alleged team misconduct. The superintendent says the alleged misconduct is not sexual in nature, but there may be significant violations of the student code of conduct.
President Joe Biden on Thursday promised a smooth and orderly transfer of power to president-elect Donald Trump. CBS News New York political reporter Marcia Kramer has more on the president's address.
