Stocks jump, with Wall Street on track for rare winning week
CBSN
Stocks are continuing to climb after a rally Thursday on Wall Street, with U.S. financial markets on track for their first weekly gain after three weeks of punishing losses.
The S&P 500 was up 86 points to 3,882, or 2.3%, as of 11:10 Eastern time, while the Dow Jones Industrial Average rose 627 points, or 2%, to 33,304. The Nasdaq Composite was up 2.4%.
Investors are looking ahead to U.S. inflation data due next week and hoping that the moderation in prices of oil and some other commodities this week is a sign inflation might be abating.
A growing number of social media users, including foreigners, are facing charges in the United Arab Emirates under the Gulf state's broad cybercrime laws for sharing or possessing digital content that depicts or comments on the impact of ongoing Iranian attacks, the advocacy group Detained in Dubai has warned. In:
CBS News asked its reporters and editors to gauge the local mood in foreign capital cities as the U.S.-Israeli war with Iran, now nearing the two-week mark, leaves energy and stock markets in turmoil. In:
A court in Moscow on Thursday convicted 19 people of involvement in the 2024 shooting rampage in a Moscow concert hall that killed 149 people and wounded over 600 in one of the deadliest attacks in the capital in years. Agence France-Presse contributed to this report. In:
Three brothers have been arrested in connection with the explosion at the U.S. Embassy in Oslo, Norway, authorities said Wednesday. In:
Gold Coast, Australia — The Iranian women's soccer team left Australia minus seven of its members who were granted asylum, after tearful protests of their departure at Sydney Airport and frantic final efforts inside the terminal by Australian officials who sought to ensure the women understood they were being offered asylum. In:
A bus fire in Switzerland killed at least six people and left three others hospitalized with severe injuries, police said Tuesday. They said they were investigating whether the blaze was set by someone on the bus. In:
The White House is aware that Gulf countries have said they're running short on missile interceptors, and that they've said they're having to choose which objects to blow up — and which not to — multiple sources told CBS News. The White House has discussed the matter, the sources said. Margaret Brennan contributed to this report. In:
French President Emmanuel Macron visited the eastern Mediterranean island of Cyprus on Monday to discuss regional security after a British military base there was targeted in an Iranian drone attack. In:
The U.S. and Israel's war with Iran is into its second week with both sides continuing to carry out devastating strikes in the Middle East. In:
In a phone interview with CBS News Monday afternoon, President Trump said the U.S. war with Iran could almost be over. In:
Twenty-three players were shown a red card as a lengthy brawl requiring the intervention of military police marred the final seconds of a Brazilian soccer match between Cruzeiro and Atletico Mineiro. In:
Mojtaba Hosseini Khamenei, the second son of former Supreme Leader Ayatollah Ali Khamenei, has been named Iran's new supreme leader, Iranian state media reported Sunday. In: