Dow hits 40,000 for the first time as bull market accelerates
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
The Dow Jones closed at a record high Wednesday. It was a major milestone fueled by the Federal Reserve decision to leave interest rates unchanged for now, but rate cuts could come in the new year. CBS New York's Dick Brennan has more on the fed announcement. Read more: https://cbsloc.al/48cKhnO
The collapse of Silicon Valley Bank is triggering new worries about worldwide financial trouble. Overseas, Credit Suisse's troubles rattled financial markets. CBS2's Dick Brennan reports.
Markets tried to shake off Monday's massive losses. On Tuesday, the S&P 500 fell yet again.
Many Americans are worrying about their retirement funds as stocks dropped drastically yesterday. CBS2's Elijah Westbrook has more on what this means.
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?
U.S. stocks lost ground for a second day following Wednesday's sharp decline, as concerns over rising interest rates and a trade war outstripped relief from weaker-than-expected inflation data.
The Dow was down just over 30 points, the S&P lost 31, and the NASDAQ shed 64 points.
History was made again on Wall Street Wednesday as the Dow Jones Industrial Average closed above 26,000 for the first time ever.
The Dow Jones industrial average broke through 20,000 points right at the opening bell. The index crossed the line, following record highs on Tuesday.
The Dow was down 2.39 percent upon closing Friday afternoon, ending the worst two-week start to a year in history for U.S. stocks.
U.S. stocks are opening 2016 on a grim note, dropping sharply after a plunge in China and declines in Europe.
Stocks surged Tuesday morning on Wall Street, erasing some of the heavy losses of a day earlier, after China cut interest rates to try to boost the world's second-largest economy.
Stocks were deep in the red again on Wednesday, although they did rebound from a mid day swoon. At the closing bell the Dow was down 173 points at 16,141. Earlier in the day it had dipped below 16,000 for the first time since February.
The red flags were everywhere, among them weak corporate results, the looming end of stimulus from the Federal Reserve and tensions between the West and Russia.
There was a major milestone on Wall Street Thursday as stocks set new records.
Stocks have been rising sharply this year as the U.S. economy improves, companies report bigger profits and the Federal Reserve keeps up its easy-money policies.
The Dow Jones industrial average crossed 15,000 for the first time, and the Standard and Poor's 500 index, a broader market measure, rose above 1,600.
The Dow closed at an all-time high Tuesday, beating the previous record it set in October 2007, before the financial crisis and the Great Recession.
A late afternoon rally pushed the stock market higher for only the second day this month.
The Dow Jones industrial average fell 170.89 points, or 1.5 percent, to close at 11,149.82. It had been up 85 points shortly after the opening bell.
The Dow Jones industrial average at one point was down more than 500 points. It's now down 436 at 10,973.
Investors hoping for relief from last week's volatility in the stock market found it Monday.
Even a survey showing Americans are dismayed about the economy didn't stop the gains on Wall Street today.
President Biden announced Sunday he is dropping his reelection bid in the 2024 presidential race and endorsing Vice President Kamala Harris.
Discover the features and functions added to the Samsung Galaxy Z Fold6 and why it's a great phone for power users.
The Yankees rolled to a 9-1 win over the Rays on Monday, thanks to two homers from Juan Soto.
Queens resident Lou Harris is on a mission to make the sport of surfing more inclusive.
The parents of a New York City 17-year-old were charged and sentenced for a crime their son is accused of.
Queens resident Lou Harris is on a mission to make the sport of surfing more inclusive.
The parents of a New York City 17-year-old were charged and sentenced for a crime their son is accused of.
Lawmakers in New York, New Jersey and Connecticut are flocking to Vice President Kamala Harris' side.
City Parks Foundation's Coastal Classrooms is providing educational programs for middle school students.
Mayor Adams, the DOT and the FDNY on Monday announced a series of e-bike initiatives designed for safety.
Lawmakers in New York, New Jersey and Connecticut are flocking to Vice President Kamala Harris' side.
New York's weather calls for a cloudy day Monday, with rising humidity and increasing shower chances.
Humidity levels will climb and temperatures will reach the mid to upper 80s in the Tri-State Area on Sunday.
At least seven people in New York have been sickened in a listeria outbreak linked to deli meats.
After several days of searing, summer heat, we've finally got some good news for the Tri-State Area, weather-wise.
Lawmakers in New York, New Jersey and Connecticut are flocking to Vice President Kamala Harris' side.
Part of Route 3 remains closed in Clifton, New Jersey after a tractor-trailer crashed and exploded, killing the driver, Monday morning.
New York's weather calls for a cloudy day Monday, with rising humidity and increasing shower chances.
New Jersey lawmakers on both sides of the aisle react to Joe Biden's decision to quit the presidential race.
Humidity levels will climb and temperatures will reach the mid to upper 80s in the Tri-State Area on Sunday.
Here's what New York leaders are saying about President Joe Biden's decision to end his reelection bid.
Humidity levels will climb and temperatures will reach the mid to upper 80s in the Tri-State Area on Sunday.
Former U.S. Rep. George Santos has lost a bid to dismiss some of the charges in the criminal case against him as he heads toward trial.
According to prosecutors, the alleged drunk driver who crashed into a Long Island nail salon in June, killing four people, had a blood alcohol level that was more than twice the legal limit.
New York's next offshore wind farm, Sunrise Wind, will be seven times bigger than its first one.
President Biden announced Sunday he is dropping his reelection bid in the 2024 presidential race and endorsing Vice President Kamala Harris.
Lawmakers in New York, New Jersey and Connecticut are flocking to Vice President Kamala Harris' side.
Mayor Adams, the DOT and the FDNY on Monday announced a series of e-bike initiatives designed for safety.
President Biden dropped out of the 2024 race on Sunday and endorsed Vice President Kamala Harris for the Democratic nomination.
New Jersey lawmakers on both sides of the aisle react to Joe Biden's decision to quit the presidential race.
At least seven people in New York have been sickened in a listeria outbreak linked to deli meats.
Physical effects of heat waves, like heat stroke, are widely known. But scientists are now sounding the alarm on psychological consequences of extremely high temperatures.
At least two cases of measles have been found in people staying at a New York City-run shelter for migrants in Brooklyn.
Nationwide, the CDC says the COVID virus level in wastewater is now "high" for the first time since last winter.
A first responder on Long Island is said to be the first in the country, outside a clinical trial, to undergo a life-saving surgery for peripheral artery disease.
An album of dark songs recorded in a bedroom at his rented farmhouse in 1982, reflecting the upheaval in his life in-between "The River" and "Born in the U.S.A.," helped solidify Springsteen's status as one of music's most soulful voices.
A new sculpture featuring the likeness of one of hip-hop's first DJs plays a specially curated mix, powered by solar panels.
Prosecutors have been preparing to retry the disgraced movie mogul since the New York Court of Appeals overturned his 2020 rape conviction.
The Kennedy Center named its 2024 Honorees Thursday morning. They include Harlem's historic Apollo Theater, the first institution to ever receive the honor.
Bob Newhart, who starred in the long-running sitcoms "The Bob Newhart Show" and "Newhart," has died at age 94.
The Yankees rolled to a 9-1 win over the Rays on Monday, thanks to two homers from Juan Soto.
LeBron James will be the third basketball player – and the first men's player – to carry the U.S. flag at the start of the 2024 Paris Olympic Games.
The Mets struck out 14 times in Sunday's 4-2 loss to the Marlins.
The Rays built an early lead, overcame Aaron Judge's MLB-leading 35th homer, and beat the Yankees 6-4 on Sunday.
Rookie Hannes Wolf scored five minutes after Ramiro Enrique had given Orlando City the lead in the second half and New York City earned a 1-1 draw.
Queens resident Lou Harris is on a mission to make the sport of surfing more inclusive.
City Parks Foundation's Coastal Classrooms is providing educational programs for middle school students.
The situation for a NYCHA tenant has gone from bad to worse after ankle-deep water inundated her Brooklyn apartment during a storm.
A new sculpture featuring the likeness of one of hip-hop's first DJs plays a specially curated mix, powered by solar panels.
A legal battle is brewing between some New York City tenants and Mayor Eric Adams over rental assistance laws.
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."
As much of the northeast experiences heavy rains, parts of New York City are beginning to flood.
Thousands of people flooded Union Square on Friday for a PlayStation giveaway promoted by livestreamer Kai Cenat.
The boys' quick-thinking helped save their neighbors house and lives after they spotted something on the roof. CBS New York's Carolyn Gusoff reports.
It's believed to be the first-of-its-kind prosecution in New York. CBS New York's Alice Gainer has the story from Queens.
CBS New York's Dick Brennan interviews CBS News congressional correspondent Scott MacFarlane for the latest on the 2024 election after President Biden dropped out.
The boys' quick-thinking helped save their neighbors house and lives after they spotted something on the roof. CBS New York's Carolyn Gusoff reports.
But as CBS New York's Marcia Kramer reports, there is one former politician and current mega donor she almost certainly wants to land.