United States  

Dow Plunges 411 Points

Video Credit: Wochit News - Duration: 00:33s - Published
Dow Plunges 411 Points

Dow Plunges 411 Points

Getty Images US stocks extended losses into Monday's close as a lack of stimulus progress cut into hopes for a pre-election deal.

House Speaker Nancy Pelosi expedited talks on Sunday, setting a 48-hour deadline for the White House and Democrats to ink a deal.

She later told Democrats that significant obstacles in reaching a compromise remain.

Even if an agreement is reached, the bill is set to die in the Senate as Republicans push a $500 billion measure.

You Might Like

💡 One News Page Knowledge: Other News Mentions

Dow Jones Industrial Average Dow Jones Industrial Average American stock market index

Dow Jumps 210 Points On Vaccine News From AstraZeneca [Video]

Dow Jumps 210 Points On Vaccine News From AstraZeneca

On Monday, US stocks rose. AstraZeneca said its COVID-19 vaccine candidate demonstrated an average efficacy rate of 70%. This is the third COVID-19 vaccine said to have surpassed the Food and Drug Administration's requirement of 50% effectiveness. S&P 500: 3,580.82, up 0.7% Dow Jones industrial average: 29,473.41, up 0.7% (210 points) Nasdaq composite: 11,929.04, up 0.6%

Credit: Wochit News    Duration: 00:37Published

Dow rallies 470 points to record after Moderna says vaccine 94.5% effective

U.S. stocks catapulted to records Monday on news that a second COVID-19 vaccine candidate showed promise, bolstering hopes of an economic recovery.

Wall Street rallies on vaccine trial results [Video]

Wall Street rallies on vaccine trial results

The Dow jumped more than 800 points and the S&P 500 ended higher but closed just shy of a record on Monday as investors bet that a full economic reopening was finally in sight following the first positive data from a late-stage COVID-19 vaccine trial. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:39Published
Netflix Drops 9% After Vaccine News [Video]

Netflix Drops 9% After Vaccine News

On Monday, phrama giant Pfizer revealed positive COVID-19 vaccine news. The news sent shares of stay-at-home stocks like Netflix plummeting on Monday. Netflix itself fell as much as 9%, even as major indexes like the S&P 500 and Dow Jones industrial average soared to record highs. Consumers flocked to entertainment alternatives amid the lengthy stay-at-home orders. Netflix saw a spike in subscribers due to the COVID-19 pandemic.

Credit: Wochit News    Duration: 00:29Published
Stocks end mixed; Microsoft tops sales forecast [Video]

Stocks end mixed; Microsoft tops sales forecast

The Dow and S&P 500 fell on lackluster earnings, election worries and rising COVID-19 cases worldwide, but tech stocks fared better and had positive news after the close when Microsoft topped sales forecasts. Conway G. Gittens has the market action.

Credit: Reuters Studio    Duration: 01:41Published

Nancy Pelosi Nancy Pelosi 52nd Speaker of the United States House of Representatives

Meeting With Schumer and Pelosi, Biden Keeps Focus on Virus and Economy

On his 78th birthday, President-elect Joseph R. Biden Jr. ignored President Trump's continued efforts to subvert the election results.

Pandemic response, spending top agenda in Biden meeting with Nancy Pelosi and Chuck Schumer

President-elect Joe Biden met Friday with House Speaker Nancy Pelosi and Senate Democratic Leader Chuck Schumer, to discuss COVID-19, federal spending

Treasury pulls plug on some Fed lending programs [Video]

Treasury pulls plug on some Fed lending programs

House speaker Nancy Pelosi went after Treasury Secretary Steven Mnuchin on Friday for his decision to end some Federal Reserve COVID-19 emergency lending programs, a move also criticized by many Fed officials. Conway G. Gittens reports.

Credit: Reuters Studio    Duration: 02:16Published

Pelosi hopes McConnell's 'pause' on virus aid ends

As Americans prepare to celebrate Thanksgiving, Speaker of the House Nancy Pelosi said the holiday will also be marked "with great pain" over the lives lost to..

Schumer and Pelosi to meet with Biden on Friday

It's the first time Biden and Harris will meet with Pelosi and Schumer in person since they were projected to win the election.
CBS News

Democratic Party (United States) Democratic Party (United States) Major political party in the United States

Biden transition gets green light from GSA [Video]

Biden transition gets green light from GSA

[NFA] President-elect Biden was formally given the go-ahead by a key federal agency to begin his transition to the White House, shortly after Michigan certified him as the state's winner. This report produced by Chris Dignam.

Credit: Reuters - Politics    Duration: 02:37Published

State board certifies Joe Biden's win in Michigan

Michigan election officials certify Democrat Joe Biden's 154,000-vote victory in the state (Nov. 23)


Michigan certifies Biden win

Michigan election officials on Monday certified Democrat Joe Biden's 154,000-vote victory in the state, another setback for President Donald Trump. (Nov...

Republican Party (United States) Republican Party (United States) Major political party in the United States

Trump administration allows Biden transition to begin

Several key states are set to certify results in the face of furious — but so far fruitless — GOP legal challenges. Meanwhile, President Trump's support..
CBS News

Stopping Trump: Michigan vote shows local Republicans have backbone national leaders lack

Aaron Van Langevelde, Brad Raffensperger and Clint Hickman remind Republicans that leaders stand up for what is right.


Michigan certifies vote count despite Trump campaign's objections

Michigan is certifying its election results after President-elect Joe Biden won the state, despite efforts from the Trump campaign and some Republicans to block..
CBS News

United States Senate United States Senate Upper house of the United States Congress

Georgia to begin second recount at request of Trump campaign

Georgia's Secretary of State Brad Raffensperger says the state will begin a recount on Wednesday as requested by the Trump campaign. The state certified its..
CBS News

GSA will brief House and Senate committee leaders

GSA Administrator Emily Murphy refuses to officially recognize Joe Biden as president-elect.
CBS News

Both parties rev up campaigns for crucial Georgia Senate runoffs

No candidate received 50% of the vote in either Senate race in Georgia, leading to two runoffs on January 5.
CBS News

Georgia Is a Purple State, but Don’t Expect Centrist Politicians

Georgia flipped blue for Joe Biden, but in its all-important and costly Senate runoff elections, the Republicans are in full attack mode while the Democrats..

Related videos from verified sources

Stocks Are Flat As Investors Wait On A Winner [Video]

Stocks Are Flat As Investors Wait On A Winner

Stocks opened lower on Friday as investors wait for a presidential election winner to be declared. Wall Street bounced back from earlier lows after the jobs report showed the economy continues to..

Credit: Wochit     Duration: 00:32Published
Stocks Surge On Possibility Of Biden Presidency [Video]

Stocks Surge On Possibility Of Biden Presidency

US stocks surged again in what's looking like it could be the market's best week in months. Investors are hoping Joe Biden will take the White House while Republicans will keep the Senate. Financial..

Credit: Wochit Tech     Duration: 00:32Published
Stock Futures Rise As Election Comes To A Close [Video]

Stock Futures Rise As Election Comes To A Close

On Tuesday, U.S. stock futures rose. Dow futures were up 207 points, or nearly 0.8%. The Dow closed Tuesday up 555 points, or 2.1%, higher, its best percentage gain since mid-July. S&P 500 futures..

Credit: Wochit     Duration: 00:41Published