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Why Horrific Unemployment Numbers Made The Stock Market Rise
The stock market reacted positively to the recent record unemployment numbers, which suggests a strong economic comeback, but be wary.
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The stock market reacted positively to the recent record unemployment numbers, which suggests a strong economic comeback, but be wary.
Stocks surged Tuesday as investors weighed the Federal Reserve's vow to support key financial markets and prospects for a nearly $2 trillion relief bill in Congress to help soften the economic impact of the coronavirus.
U.S. stocks plunged so quickly today that trading was halted amid growing economic uncertainty over the coronavirus.
Fears of the virus are making stocks extremely volatile for the seventh day. At one point, the Dow was down nearly 1,000 points.
Global markets are now down for the sixth straight day, and experts say many investors are realizing the economic impact could be much worse than first thought.
Investors are hoping to see some signs of recovery today after the Dow fell more than 1,000 points Monday, wiping out all its gains for the year.
U.S. markets saw a steep selloff on Monday as the coronavirus disease spreads well beyond China, raising fears about its economic impact on several continents.
The company's rise has boosted the fortunes of its founder and CEO, Jeff Bezos: His 16 percent stake in Amazon is now worth about $160 billion.
Insiders at Tesla confirm CEO Elon Musk does, in fact, want to take the company private again.
President Donald Trump tweeted Wednesday, "we are not in a trade war with China."
On Friday morning, the Bureau of Labor Statistics reported the U.S. economy added 313,000 jobs in February. That far exceeded the 200,000 many analysts predicted. It's also the biggest gain since July 2016.
It was another yo-yo day with stocks going through wild gyrations. A surge in the last few minutes had the Dow Jones Industrial Average finishing a brutal few days with a positive push.
The Dow was down just over 30 points, the S&P lost 31, and the NASDAQ shed 64 points.
Financial journalist and founder of nonpoliticalnews.com Vera Gibbons stopped by to talk about the current bull market.
Stocks have their worst day since September as traders worry Washington turmoil will stymie Trump's pro-business agenda.
It's been a bull market since the presidential election, but Monday marked the eighth straight day the Dow Jones Industrial Average was down.
Wall Street declined for a ninth straight day Friday. That is the longest consecutive daily slide since 1980.
International stock markets plunged, oil prices tumbled and the pound fell to a 31-year low Friday as the vote shocked investors and dragged the region, the world's largest economic bloc, into a new era of uncertainty.
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.
The Dow Jones industrial average fell 204.78, or 1.3 percent, to 15,666.44.
The Dow Jones industrial average fell 45 points, or 0.3 percent, to 17,685 as of 11:45 a.m. Eastern time.
New York Attorney General Eric Schneiderman says Marketwired has agreed to stop selling to high-frequency traders direct feeds of the information it distributes for clients.
The Standard & Poor's 500 index closed out its best year since 1997 on Tuesday as traders wrapped up a record-setting year.
Facebook Inc.'s slip left it trading just above $34 as the markets closed Monday.
The 4th of July holiday travel rush is here, bringing heavy traffic on the roads, air traffic control shortages at the airport, plus the potential for thunderstorms.
The Yankees' 5-4 defeat on Tuesday marked their 11th loss in their last 15 games.
The Mets erupted for five runs in the 10th inning on their way to a 7-2 win over the Nationals on Tuesday.
The Boys & Girls Club of Harlem was not approved for replacement funding for a lapsed state after-school budget.
Relatives of loved ones caught in the destructive path of Hurricane Beryl are greatly concerned.
The 4th of July holiday travel rush is here, bringing heavy traffic on the roads, air traffic control shortages at the airport, plus the potential for thunderstorms.
The Boys & Girls Club of Harlem was not approved for replacement funding for a lapsed state after-school budget.
Relatives of loved ones caught in the destructive path of Hurricane Beryl are greatly concerned.
Westchester County inspectors are working to make sure watery gas does not get into your vehicles.
Acknowledging Times Square needs to be cleaned up, Mayor Adams unveiled the Midtown Community Improvement Coalition on Tuesday.
Connecticut had several new laws start on July 1, 2024, including the school age cut-off and surveillance cameras meant to catch drivers who blow by buses.
Severe thunderstorms swept through New York, New Jersey and Connecticut on Sunday, with the chance of an isolated tornado. See the latest weather maps and live radar.
A tractor-trailer accident on I-95 in Greenwich, CT had southbound lanes backed up for the morning commute.
Severe thunderstorms moved through New York and New Jersey on Wednesday evening, causing widespread power outages and other damage.
U.S. News & World Report released its 2024 college rankings Tuesday, and some Tri-State Area schools ranked among the best in the world.
The 4th of July holiday travel rush is here, bringing heavy traffic on the roads, air traffic control shortages at the airport, plus the potential for thunderstorms.
The Macy's 4th of July Fireworks is returning to the Hudson River this year. It is expected to make for big business on the New Jersey side of the river, too.
Flights at Newark Airport had to be slowed Monday evening and Tuesday because of an air traffic controller shortage, according to the FAA.
With NJ Transit's fare hike kicking in on Monday, some riders are considering alternate ways of getting around.
Sunday was expected to be the busiest day of the summer travel season, but severe thunderstorms caused delays and cancelations.
The 4th of July fireworks can make dogs and other pets anxious and afraid, so we have some expert advice on how to keep them calm.
Steven Schwally, the man accused of being intoxicated when he crashed into a nail salon on Long Island, killing four, appeared in court Monday.
Severe thunderstorms swept through New York, New Jersey and Connecticut on Sunday, with the chance of an isolated tornado. See the latest weather maps and live radar.
Long Island police said Steven Schwally, 64, was drunk and speeding when he crashed an SUV into a nail salon Friday, killing an off-duty NYPD officer and three other people.
At least four people were killed and nine injured when a driver crashed through the front of a nail salon on Long Island.
The Boys & Girls Club of Harlem was not approved for replacement funding for a lapsed state after-school budget.
Westchester County inspectors are working to make sure watery gas does not get into your vehicles.
Acknowledging Times Square needs to be cleaned up, Mayor Adams unveiled the Midtown Community Improvement Coalition on Tuesday.
Justice Juan Merchan set a new sentencing date of Sept. 18, "if such is still necessary."
The first Democratic lawmakers called on Biden to drop out of the race after his rocky debate performance last week.
FDA approval of the new Alzheimer's treatment, which will be branded as Kisunla, follows years of setbacks.
The New York City Virus Hunters are getting their hands dirty to find out which little birdies might be carrying a deadly disease in Central Park.
"We can serve payers very effectively from the footprint that remains," CEO Tim Wentworth says of the coming Walgreens closures.
The advisory issued by Dr. Vivek Murthy came as the U.S. grappled with another summer weekend marked by deadly mass shootings.
One bill being fast-tracked would make abortions free in New Jersey by eliminating co-pays.
Ann Wilson, lead singer of rock band Heart, says she has cancer.
Spike Lee's "Do the Right Thing" celebrated its 35th birthday Sunday with a block party on Do The Right Thing Way in Bed-Stuy, Brooklyn.
Usher accepted the lifetime achievement award at the 2024 BET Awards, and Will Smith debuted a single as he continued his comeback from slapping Chris Rock at the Oscars two years ago.
His recently uncovered photographs, long thought lost, are the basis of the former Beatle's book, "1964: Eyes of the Storm," and an exhibition currently at the Brooklyn Museum.
From the moment she first began appearing at the side of John F. Kennedy Jr., Carolyn Bessette became one of the most photographed women in the world. Her personal style continues to have an impact 25 years following her death.
The Yankees' 5-4 defeat on Tuesday marked their 11th loss in their last 15 games.
The Mets erupted for five runs in the 10th inning on their way to a 7-2 win over the Nationals on Tuesday.
The Mets used an offensive explosion in the 10th inning to defeat the Nationals 9-7 on Monday and get back to .500.
The Mets' rally was all for naught as a five-run 11th inning lifted the Astros to a 10-5 win on Sunday.
The Yankees left Toronto with a split of their four-game series against the Blue Jays with an 8-1 win on Sunday.
The Boys & Girls Club of Harlem was not approved for replacement funding for a lapsed state after-school budget.
A nonprofit recycling center in Brooklyn says it has seen a sharp increase in people who collect cans and bottles to make a living.
Queens residents who lost their homes in an apartment building fire six months ago say they are again searching for somewhere to live as their temporary housing agreements expire.
The New York City Virus Hunters are getting their hands dirty to find out which little birdies might be carrying a deadly disease in Central Park.
Lillian Wong of Queens is trying to solve the mystery of money being withdrawn from her dead son's bank account.
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.
CBS New York's Tony Sadiku and John Elliott have the latest weather forecast.
CBS New York's Lonnie Quinn says the humidity will increase on Thursday, with a slight chance for a storm.
Sheriff Anthony Miranda said more than $1 million worth of counterfeit products was seized from the Sheepshead Bay location. He said the bust will have a ripple effect across the five boroughs. CBS New York's Ali Bauman reports.
Crime scene investigators meticulously scoured the scene of a stabbing in Morris Heights that took the life of 29-year-old Ronald Gomez-Mesa. CBS New York's Alecia Reid reports.
As questions continue to swirl over whether he'll stay in the race, Biden finally explained what went wrong during his showdown with Donald Trump. CBS New York's Dick Brennan reports.