Dow tumbles as volatility returns to Wall Street
CNN
Volatility is back on Wall Street: Stocks are falling as central banks around the world turn more hawkish and worries about the omicron variant increase ahead of the holidays.
US stocks mostly added onto their losses from the prior session, with the Dow (INDU) falling as much as more than 600 points Friday morning before recovering some of its lost ground. By the early afternoon, the index was down 1.2%, or some 430 points. Similarly, the broader S&P 500 (SPX) was trading 0.7% lower after recouping some of its earlier losses.
The Nasdaq Composite (COMP), which was the biggest loser Thursday as tech stocks came under fire, also initially traded in the red before turning green. In the early afternoon the index was flat.
The first week of testimony in Brian Walshe’s murder trial in Dedham, Massachusetts, has come to an end. The jury heard from about two dozen witnesses called by the commonwealth in its case against Walshe as prosecutors work to prove he killed his wife, Ana Walshe, around New Year’s Day in 2023.
The US Army officially stood up a new command on Friday to oversee the Army’s activities in the Western Hemisphere in the latest signal of increasing focus on homeland defense.
A former high-level Drug Enforcement agent was indicted on charges of conspiring to traffic drugs and launder millions of dollars for a Mexican cartel.
A federal judge in Florida ordered the unsealing of grand jury transcripts and other records in the investigation into Jeffrey Epstein granting the Justice Department’s request.
The Indiana House approved new congressional maps designed to hand Republicans all nine of the state’s US House seats on Friday, setting the stage for a showdown next week in the state Senate.
Honduran presidential candidate Salvador Nasralla said last-minute interference from US President Donald Trump in the country’s closely fought election had damaged his chances of winning and left him trailing as vote counting dragged on.
Vice President JD Vance said he and second lady Usha Vance are largely amused by the online chatter dissecting their marriage, including a recent spate of headlines over photos of her without a wedding ring.
During interviews with the FBI, the suspect arrested in the pipe bomb probe told investigators that he believed the 2020 election was stolen, providing perhaps the first indication of a possible motive for the bombs placed near the DNC and RNC headquarters, people briefed on the matter said.
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