Stocks pop as solid jobs report soothes investor fears
CNN
Investors breathed a huge sigh of relief following the May jobs report Friday. Stocks rallied as the numbers told a classic Goldilocksian, not too hot or too cold, story about the state of the economy.
The Dow was up about 125 points, or 0.3%, in late morning trading. The S&P 500 rose 0.8% and the tech-heavy Nasdaq surged about 1.4%. All three indexes are up slightly for the week as well. Bond yields also edged lower and the dollar weakened — signs that investors aren't too concerned about the economy overheating.
Diplomatic and depressed as they have been in public, a small group of Democratic governors are deep into behind-the-scenes preparations and deliberations over how to balance the politics of pushing back on what they are expecting from President-elect Donald Trump’s next turn in the White House.
The regulars began assembling in the predawn at the McDonald’s on East Plank Road in Altoona, a Pennsylvania city of about 42,000 just off I-95 in Blair County.
Gov. Kristi Noem’s handling of several key issues in South Dakota offers a lens into how she may manage her sprawling responsibilities at the Department of Homeland Security.
The House is expected to vote Wednesday on the critical defense policy bill known as the National Defense Authorization Act, which includes a ban against gender-affirming care for some transgender children that has further inflamed the politics around the must-pass piece of legislation.
President Joe Biden is facing mounting pressure from Democratic lawmakers and allies to extend protections to immigrants in the United States amid party fears over President-elect Donald Trump’s promise of mass deportations.
Investigators are searching for a motive in the assassination of UnitedHealthcare CEO Brian Thompson as murder suspect Luigi Mangione fights his extradition to New York from Pennsylvania, where police detained him at a McDonald’s on Monday.
President-elect Donald Trump’s Justice Department is preparing to go on the anti-“woke” offensive against diversity, equity and inclusion initiatives that have been a cause célèbre of the right, two sources familiar with the incoming administration’s plans told CNN.
The epicenter of Donald Trump’s transition is gradually shifting from south Florida to Washington, DC, to prepare for the president-elect’s return to the country’s seat of power, even as he prefers to bask in the afterglow of his electoral triumph from Mar-a-Lago.
Capitol Police have arrested a person who Rep. Nancy Mace said “physically accosted” her Tuesday, the South Carolina Republican said in a post on X.
The man suspected of the fatal shooting of UnitedHealthcare CEO Brian Thompson was carrying a “ghost gun” — a type of untraceable, homemade firearm — when he was apprehended Monday, police said.
The Biden administration’s challenge to Idaho’s strict abortion ban divided a federal appeals court that heard arguments Tuesday in an emergency abortion care case that has already reached the Supreme Court once.