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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The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs. Yet there were some mixed messages in the jobs figures as the unemployment rate rose to 3.7%.
Alzolay recorded his third career save in a dominant two-inning performance against the Rays this week.
City’s church leaders say they’ve developed a model for helping migrants and urged people to sign up online to take part in the mission.
Former Bulls execs John Paxson and Gar Forman rightly have been ripped for trading Jimmy Butler. But they’re the ones who drafted him.