U.S. stocks fall as beleaguered banks tumble again
CBSN
Stocks fell Tuesday as shares of beleaguered banks tumbled again and worries about the economy worsened.
The rising fear sent yields sinking in the bond market, while Wall Street waits for the Federal Reserve's latest move on interest rates and Washington edges closer to what would be a catastrophic default on U.S. government debt.
The S&P 500 fell 52 points, or 1.2%, closing at 4,117. The Dow Jones Industrial Average was down 398 points, or 1.2%, at 33,654, after being down as many as 615 points earlier in the day. The Nasdaq composite tumbled 1%.
Washington — Pentagon officials have made detailed preparations for deploying U.S. ground forces into Iran, multiple sources briefed on the discussions told CBS News. In:
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A second Marine Expeditionary Unit of about 2,200 Marines and three warships is headed toward the Middle East, as the war with Iran continues. In:
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Police in Barcelona, Spain, said the death of James "Jimmy" Gracey, a University of Alabama student from Illinois who went missing on vacation, was likely an accident. In:
A 31-year-old Georgia woman has been charged with murder by police who say she took pills to induce an abortion in violation of a state law that bans it after the earliest weeks of pregnancy. In:
The Justice Department says it has shuttered four websites that were allegedly used by Iranian government-linked groups to post hacked information and threaten regime critics.
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The Federal Communication Commission announced Thursday evening that it had approved the $6.2 billion merger of major broadcast station owners Nexstar and Tegna. The move came on the same day that attorneys general in eight states and DirecTV filed separate lawsuits seeking to block the deal, arguing that it will lead to higher prices for consumers and stifle local journalism. In:
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Mortgage rates in the U.S. jumped this week to the highest level in three months, as the Iran war fans inflation fears and puts pressure on the U.S. housing market. Edited by Alain Sherter In:
Soaring energy prices due to the Iran war could provide a massive windfall for U.S. oil companies. Edited by Alain Sherter In: