Dow surges to first finish atop 35,000 as investors cheer corporate profits
CBSN
The Dow closed above 35,000 for the first time Friday, with investors heartened by another round of upbeat corporate profits that helped assuage concerns about the latest wave of COVID-19 cases denting the economy's recovery.
The Dow Jones Industrial Average climbed 238.20 points, or 0.7%, to end at 35,061.55, leaving the blue-chip index up more than 14% for the year and entering — for now — record territory. "Dow milestones are largely just symbolic, but they do generate headlines and can boost retail investor sentiment," noted Sean Bandazian, investment analyst for Cornerstone Wealth, in emailed comments. "35,000 represents another one of those symbolic milestones for the market, especially when you consider the index fell below 20,000 just over a year ago" in the early months of the pandemic.
Two police officers in Virginia were shot and killed during a traffic stop late Friday night, authorities said.
In southwest Atlanta, Black-owned businesses are keeping the history of their neighborhoods alive – and it all starts with a cup of coffee.
A Hawaii man who spent 30 years in prison for a murder he long denied committing declared the day "Freedom Friday" and said he was eager to visit his mother after a judge ordered him released because of new DNA evidence.
Hamas has handed over three more Israeli hostages to the Red Cross in the latest exchange under the fragile ceasefire.
The Defense Department said Friday that it's cutting about 5,400 probationary workers starting next week and will put a hiring freeze in place.
A federal judge on Friday blocked a sweeping executive order from President Trump that sought to end government support for programs promoting diversity, equity and inclusion.
The Department of Justice has eliminated its national database that tracked misconduct incidents among federal law enforcement officers.
Former Proud Boys national leader Enrique Tarrio was arrested Friday near the U.S. Capitol on a charge that he assaulted a woman protesting a gathering attended by Tarrio and others who received presidential pardons for crimes stemming from the Jan. 6, 2021, riot in the nation's capital.
The Associated Press sued three Trump administration officials Friday over access to presidential events, citing freedom of speech in asking a federal judge to stop the 10-day blocking of its journalists.
The Trump administration is considering moving the U.S. Postal Service, an independent federal agency, under the Commerce Department, two sources tell CBS News.
Washington — A federal judge on Friday declined to block the Trump administration from putting thousands of employees with U.S. Agency for International Development on administrative leave and recalling others from overseas, clearing the way for the president to resume his efforts to overhaul the agency as part of his plans to slash the size of the federal government.
An attorney employed by U.S. Immigration and Customs Enforcement allegedly made "racist, bigoted, xenophobic, hateful, harassing and dishonest" posts on an X account where he tried to hide his identity, according to a legal complaint filed against him.
Michael Sayih and Max Fink share a common goal: to make history together. The South Florida natives are regular racing partners who have competed in 5K, Iron Man and marathon events around the world. Their current goal is to become one of the first Duo Teams — one athlete pushing the other in a wheelchair — to complete six Abbott World Marathon Majors together.