Dow soars more than 1,000 points amid relief rally
CBSN
The stock market up sharply on Wednesday following news of a potential de-escalation in the trade war with China and after President Trump said he has no plans to oust Federal Reserve Chair Jerome Powell.
The Dow Jones Industrial Average soared over 1,000 points, or 2.6% in early trading, after making similar headway yesterday. The S&P 500 and tech-heavy Nasdaq Composite also made gains, climbing 168 points, or 3.2%, and 664 points or 4.1%, respectively.
The market will "more likely than not continue to be dictated by Trump's latest whims regarding tariffs and trade," said Tim Waterer, chief market analyst at KCM Trade.
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Jane Dorotik has spent two decades fighting for her freedom. The California mother and wife was convicted of murdering her husband Bob in 2001, but always maintained her innocence.
This story previously aired on July 3, 2021. It was updated on June 17, 2025. NEWS REPORTS: The brutal murder of the Pelley family … Shot to death in their home Sunday morning … It thrust a small town into the national spotlight ... DET. BOTICH [ interrogation]: So. do you know who killed your mother and father, or your father and stepmother? DET. BOTICH [interrogation]: Did you have anything to do with it? NEWS REPORT: Tuesday lawyers laid out their cases to the jury in opening statements. NEWS REPORT: After calling more than 50 witnesses, prosecutors say all the facts point to Jeff Pelley. NEWS REPORT: The prosecutor started his closing argument letting the jury know it was his burden to prove the case. NEWS REPORT: But now the burden of deciding Jeff Pelley's fate is theirs. NEWS REPORT: One of Pelley's lawyers says his client is under a lot of stress now that the jury has the case.
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Former Texas Rep. Blake Farenthold, who left Congress amid sexual harassment allegations, dies at 63
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