Stocks drop on fears COVID variant threatens economy's recovery
CBSN
U.S. stocks tumbled out of the gate Monday amid deepening investor pessimism over rising COVID-19 infections that could knock the economy off its recovery from the coronavirus pandemic.
The Dow fell nearly 470 points moments after the opening bell Monday, to about 34,218, while both the S&P 500-stock index and the tech-heavy Nasdaq composite were down about 1.3%. Overseas, France's CAC 40 shed 2.6% in midday trading, while Germany's DAX was down 2.8%. Britain's FTSE 100 dipped 2.5%.Rodeo star Spencer Wright and his wife are making end-of-life preparations for their 3-year-old son after he was found unconscious in a creek, a close family friend said in updates posted on social media and confirmed to CBS affiliate KUTV. The boy had been playing on his tractor before he ended up in the water and a mile downstream.
The launch of Boeing's star-crossed Starliner spacecraft on its first piloted test flight is slipping to at least June 1 to give engineers more time to assess a small-but-persistent helium leak in the capsule's propulsion system, and its potential impact across all phases of flight, NASA announced Wednesday.
Washington — As former President Donald Trump's "hush money" criminal trial in New York proceeds to closing arguments next week, the legal focus is moving south. His attorneys and longtime aide Walt Nauta appeared before Florida federal Judge Aileen Cannon, where they sparred with prosecutors during two contentious, day-long hearings on Wednesday.