News Business

Dow plunges after weak earnings, economic news

By Associated Press

The Dow Jones industrial average has dropped nearly 400 points in late morning trading after disappointing earnings reports and a surprise drop in orders for long-lasting goods.

The Dow was off 357 points, or 2 percent, to 17,321 as of 10:42 a.m. Eastern time Tuesday and at one point slid as much as 390 points. Caterpillar and Microsoft, which are members of the Dow, reported weaker results, and their shares fell sharply.

Orders for long-lasting manufactured goods fell 3.4 percent in December following a 2.1 percent decline in November, the Commerce Department reported Tuesday. The decline was led by a 55.5 percent plunge in the volatile category of commercial aircraft.

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Editorials

Illinois wetlands deserve protection. Lawmakers should make that happen, while there is still time.

State lawmakers can pass legislation that would restore the safeguards the U.S. Supreme Court removed last year on wetlands, which play a key role in helping to mitigate the impact of climate change and are critical habitats for birds, insects, mammals and amphibians.

By CST Editorial Board

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Columnists

Watch and learn: Chicago Palestine Film Festival aims to entertain, educate

Not all filmmakers participating in the 15-day event are of Palestinian descent, but their art reclaims and champions narratives that have been defiled by those who have a Pavlovian tendency to think terrorists — not innocent civilians — when they visualize Palestinian men, women and children.

By Rummana Hussain

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White Sox

Bettors knew White Sox would be bad, but they’re worse than expected

Bet on it: Don’t expect Grifol’s team, which is on pace to challenge the 2003 Tigers for the most losses in a season, to be favored much this year

By Rob Miech

Dear Abby

Dear Abby: Decades after their ugly divorce, my parents still keep bringing it up

Dad just disclosed an intimate detail that could prolong the blame game over the breakup.

By Abigail Van Buren

A building crane near three partially demolished buildings.

Letters to the Editor

Mayor Johnson's bond plan should address vacant CHA land

Twenty years after the city and CHA demolished high-rise public housing developments, there are still 130 acres of vacant land and buildings at several CHA redevelopment sites.

By Letters to the Editor