
Stocks continue to fall, adding to biggest retreat of the year
CBSN
Wall Street is opening lower as worries build that the U.S. may be headed for a painful recession.
The S&P 500 fell 37 points, or nearly 1%, to 3,891 as of 11:40 a.m. EST Thursday. The Dow dropped 252 points, or 0.8%, to 33,044 and the tech-heavy Nasdaq was down 1.3%.
Reports showed weakness in several areas of the economy, including the housing industry and manufacturing in the mid-Atlantic region, though they weren't quite as bad as expected and the job market appears to remain healthy. They follow worse-than-expected readings a day earlier on retail sales, a cornerstone of the economy, and industrial production. Altogether, they show an economy slowing under the weight of last year's blizzard of rate hikes by the Federal Reserve.

Barry Morphew, a longtime suspect in his wife's disappearance and murder, was arrested in Arizona on June 20, 2025, two days after he was indicted on a first-degree murder charge in the case of his wife Suzanne Morphew's death. This was the second time Barry Morphew has been arrested and charged in her death. The initial charges were dismissed without prejudice, meaning authorities reserved the right to charge him again.