Stocks continue to fall, adding to biggest retreat of the year
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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.
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Immigration may have been a political liability for Democrats in 2024. But two years later, it's shaping up to be a top issue they're relying on to galvanize support and mobilize their base.
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Washington — Senate Homeland Security Committee Democrats are calling on Secretary Kristi Noem to testify before the panel "without delay," following the fatal shootings of two U.S. citizens by federal immigration agents in Minneapolis this month.
Washington — Democrats on Capitol Hill are raising concerns with the FBI's search of an elections office in Fulton County, Georgia, and warning that the operation is an example of President Trump using federal law enforcement to intimidate voters and undermine democracy.
Washington — The Senate is set to take a procedural vote Thursday morning on a package to fund the remaining government agencies and programs, with less than two days to avoid a partial government shutdown. But Democrats say they won't allow the package to move forward without reforms to immigration enforcement. Caitlin Huey-Burns contributed to this report.
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