Stock market drops a day after huge gains on tariff pause announcement
CBSN
Wall Street gave back some of the historic gains made a day earlier when President Donald Trump paused his latest tariff hikes on U.S. trading partners, with the exception of China.
In morning trade on Thursday, the S&P 500 was down 126 points, or 2.3%, to 5,331, while the Dow Jones Industrial Average dropped 869 points, or 2.1%. The tech-heavy Nasdaq fell 3%.
It's been a wild couple of weeks on Wall Street with Mr. Trump's tariff announcements, reversals and retaliation from U.S. trading partners. That volatility seems unlikely to change in the coming weeks with the U.S. and China still locked in a tit-for-tat tariff battle and earnings season kicking off on Friday with the latest results from some of the nation's biggest banks.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
As tensions escalate between California and the Trump administration over immigration, another potential battlefront is emerging over taxes.
All eyes will be on Apple this week as it kicks off its annual Worldwide Developers Conference, where the company could announce updates to its artificial intelligence technology.
California's governor indicated late Sunday his office plans to sue the Trump administration after the state's National Guard was deployed to confront protesters in Los Angeles.
A riot in a prison northeast of Nashville was contained, the sheriff says, and all prisoners returned to their cells after officers sprayed gas into the prison yard.
Warner Bros. Discovery announced the media giant will divide into two new publicly traded companies, with one consisting of its cable networks such as CNN and TNT Sports and the second consisting of its streaming and studios business, including HBO Max and Warner Bros. Television.
Washington — President Trump's new ban on travel to the U.S. by citizens from 12 mainly African and Middle Eastern countries took effect Monday amid rising tension over the president's escalating campaign of immigration enforcement.
The 2025 Tony Awards are honoring the best plays and musicals on Broadway, with big names from both stage and screen looking to go home winners Sunday night.
A runaway pet zebra that was on the loose for more than a week in Tennessee was captured on Sunday, his owners and authorities said.
On this "Face the Nation with Margaret Brennan" broadcast, moderated by Ed O'Keefe:
The political analyst and former New York Times columnist Charles M. Blow shares his thoughts about our nation's newest federal holiday, Juneteenth:
In 2013, musician Jack Conte made a music video called "Pedals." He spent seven weeks and $10,000 building the set: "I remember the blood, sweat and tears, the months of pain, and hours and hours, and days and days of creation," he laughed.
Views of the Trump administration's deportation program headed into this weekend with positive net approval from Americans, including continued strong backing from the Republican base — but also heavily shaped by contrasting views about which people, and how many, are being targeted for deportation.
Last month, Carla Hayden was nearing the end of her ten-year term as Librarian of Congress. Appointed by President Barack Obama, Hayden was the 14th Librarian of Congress since 1802. She was a history-maker – the first woman and first Black person to hold the job.