S&P 500 heading for its worst week since March 2023
CBSN
Wall Street is heading for its worst week in 18 months after a weaker-than-expected jobs report on Friday stoked investor concerns about slowing U.S. economic growth.
Technology stocks took the brunt of the pain. The Nasdaq composite sank 2.6% as Broadcom, Nvidia and other tech companies led the market lower on continued worries that their shares soared too high in the boom around artificial intelligence.
The S&P 500 tumbled 1.6% in afternoon trading, putting it on pace for its worst week since March 2023. The Dow Jones Industrial Average sank 452 points, or 1.1%, as of 2:40 Eastern time after flipping an early gain of 250 points.
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The Senate on Saturday blocked an amendment that would ban transgender athletes from playing in women's sports, rejecting one of President Trump's priorities as he pressures Congress to act on a broad voting bill.
Robert Mueller, a former FBI director who led the investigation into allegations of Russian meddling in the 2016 election, has died, multiple sources told CBS News on Saturday. He was 81. In:
Kendra Duggar was arrested for misdemeanor charges including endangering the welfare of a child and false imprisonment, according to online records. The charges come a day after her husband Joseph Duggar was charged with molestation. In:
At ski resorts across the West this winter, viral images showed chairlifts idling over brown terrain in places normally renowned for their frosty appeal. Iconic mountain towns like Aspen, Colorado, and Park City, Utah, were seen with shockingly bare slopes, as the region endured a historic snow drought that experts warn could bring water shortages and wildfires in the months ahead. In:
The NCAA accused online sportsbook DraftKings of trademark infringement associated with the association's men's and women's basketball tournaments and filed a complaint in federal court seeking an emergency restraining order. In:
Airport delays continue to worsen as a bill to fund the Department of Homeland Security failed to advance in the Senate Friday. In:
Five people who were charged in connection to the Feeding Our Future scheme pleaded guilty to wire fraud this week. In:
Actor Nicholas Brendon, best known for his role as Xander Harris in the popular television series "Buffy the Vampire Slayer," has died, according to his family. He was 54. In:
Washington — The Trump administration has been strategizing methods and options to secure or extract Iran's nuclear materials, according to multiple people briefed on the discussions, as a U.S.-Israel-led military campaign against Tehran enters a more uncertain phase. In:
Colombian President Gustavo Petro is the subject of several ongoing narcotics trafficking investigations being overseen by federal prosecutors in New York, sources told CBS News on Friday. Lilia Luciano, Joe Walsh and Margaret Brennan contributed to this report.
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A federal judge has struck down some of the Defense Department's strict controls on how journalists with access to the Pentagon are allowed to report — ending a policy that caused many news outlets to leave the Pentagon. In: