Los Angeles Times

Dow dives more than 1,000 points despite attempts by Fed to calm investors

WASHINGTON - Stocks plunged again Thursday, with the Dow Jones industrial average diving more than 1,000 points for the second time this week despite attempts by Federal Reserve officials to calm nervous investors.

The Dow is down 10 percent from the record high it hit in late January - the level considered a market correction. The broader Standard & Poor's 500 index and the technology-focused Nasdaq composite closed Thursday near correction levels

You’re reading a preview, subscribe to read more.

More from Los Angeles Times

Los Angeles Times11 min read
After Scandal, Movie Producer Randall Emmett Is Flying Under The Radar With A New Name
LOS ANGELES — On April 26, John Travolta debuted his latest film — “Cash Out,” an action thriller about a bank heist gone wrong. The trailer credits it as “a film by Ives.” “Cash Out” is the first and only project Ives has ever worked on, according t
Los Angeles Times7 min readIntelligence (AI) & Semantics
Will AI Deepfakes And Robocalls Upset The 2024 Election?
In the analog days of the 1970s, long before hackers, trolls and edgelords, an audiocassette company came up with an advertising slogan that posed a trick question: "Is it live or is it Memorex?" The message toyed with reality, suggesting there was n
Los Angeles Times2 min read
Bret Baier's Teenage Son Paul Is In Recovery After Emergency Open-heart Surgery
Fox News anchor Bret Baier's teenage son Paul says his recovery from open-heart surgery is "going pretty smoothly." The 16-year-old was forced to undergo the emergency surgery last week after an MRI revealed a golf ball-sized aneurysm had formed off

Related Books & Audiobooks