Northern Star

Dow drops more than 1,000 as outbreak threatens the economy

ALEX VEIGA and DAMIAN J. TROISE

February 24, 2020

The Dow Jones Industrial Average sank more than 1,000 points as the spread of the new coronavirus threatened wider damage to the global economy. The drop was the worst for the index in two years and wiped out its gains so far in 2020. Nervous investors scrambled for safety, loading up on gold, U.S. go...

Justices throw out seizure of church assets in Puerto Rico

February 24, 2020

WASHINGTON (AP) — The Supreme Court on Monday threw out a court order to seize assets belonging to the Roman Catholic archdiocese of San Juan, Puerto Rico, to pay pension benefits for Catholic school teachers.The justices said in an unsigned opinion that a Puerto Rico court lacked the authority to issue an o...

Markets tank on concern about virus impact on world economy

ELAINE KURTENBACH

February 24, 2020

BANGKOK (AP) — Shares skidded, oil prices sank and the price of gold surged on Monday as the number of people infected or killed by the viral outbreak that began in China surged, heaping more uncertainty on the economic outlook.The decline promises a sharp drop on Wall Street when it opens and comes...

Asian shares take hit as new virus cases jump outside China

ELAINE KURTENBACH

February 24, 2020

BANGKOK (AP) — Shares skidded in Asia on Monday after reports of a surge in new virus cases outside China. The decline followed a sell-off Friday on Wall Street.South Korea's Kospi dropped 3% to 2,098.37, while the S&P ASX/200 in Sydnay lost 2.3% to 6,975.20. Hong Kong's Hang Seng dropped 1.5% to...

‘Promises kept’ mantra doesn’t always match Trump’s reality

KEVIN FREKING

February 23, 2020

WASHINGTON (AP) — “It's been three years of promises made and promises kept, but we’re just getting started, (insert state here)."That line from Vice President Mike Pence is a hallmark of how he introduces President Donald Trump to campaign rally audiences. Last week, he delivered versions at rallies ...

LSU ends 2-game losing streak with 86-80 win over Gamecocks

PETE IACOBELLI

February 22, 2020

COLUMBIA, S.C. (AP) — After a struggling stretch, LSU needed someone to step up. Darius Days was ready for the call.Days had 18 points and set the tone for the desperate Tigers with four 3-pointers in the first half of an 86-80 victory over South Carolina on Saturday night.LSU (19-8, 10-4 Southeaster...

Stocks sink, Treasury prices soar as investors seek safety

ALEX VEIGA

February 21, 2020

Stocks fell and bond prices rose sharply on Wall Street Friday amid signs that economic fallout from the viral outbreak that originated in China is hurting U.S. companies.The yield on the 30-year Treasury reached a record low as investors sought the safety of U.S. government bonds. The price of gold ...

Iranians vote in parliament elections favoring conservatives

NASSER KARIMI

February 21, 2020

TEHRAN, Iran (AP) — Iranians voted for a new parliament Friday, with turnout seen as a key measure of support for Iran's leadership as sanctions weigh on the economy and U.S. pressure isolates the country diplomatically.The disqualification of more than 7,000 potential candidates, most of them reformists and moderates,...

World markets slip on renewed fears over virus outbreak

JOE McDONALD

February 21, 2020

BEIJING (AP) — Global stock markets slipped on Friday after a spike in new virus cases in South Korea and other countries refueled investor anxiety about China's disease outbreak.Benchmarks in Tokyo, Hong Kong and Sydney closed down and London, Frankfurt and other European indexes were trading lower....

How major US stock indexes fared Thursday

The Associated Press

February 20, 2020

Major stock indexes closed with modest losses Thursday after a wobbly day of trading on Wall Street that snapped a three-day streak of all-time highs for the S&P 500 and Nasdaq.Investors turned cautious following news of a surge in cases of the new virus in China. The latest figures dashed hopes that the spread of the outbreak was peaking, which had helped lift stocks earlier in the week.On Thursday:The S&P 500 index dropped 5.51 points, or 0.2%, to 3,373.94.The Dow Jones Industrial Average slid 128.11 points, or 0.4%, to 29,423.31.The Nasdaq fell 13.99 points, or 0.1%, to 9,711.97.The Russell 2000 index of smaller company stocks rose 4.36 points, or 0.3%, to 1,693.74.For the week:The S&P 500 is up 46.23 points, or 1.4%.The Dow is up 320.80 points, or 1.1%.The Nasdaq is up 191.46 points, or 2%.The Russell 2000 is up 36.96 points, or 2.2%.For the year:The S&P 500 is up 143.16 points, or 4.4%.The Dow is up 884.87 points, or 3.1%.The Nasdaq is up 739.36 points, or 8.2%.The Russell 2000 is up 25.27 points, or 1.5%.

Global stocks mostly slip as virus weighs on companies

YURI KAGEYAMA

February 20, 2020

TOKYO (AP) — Global shares mostly dipped Thursday as several companies estimated that the outbreak of the new coronavirus in China will weigh on their earnings.France's CAC 40 edged down 0.2% to 6,099 and Germany's DAX fell 0.2% to 13,765. Britain's FTSE 100 was flat at 7,458. Dow and S&P 500 fut...

Moretti, Texas Tech top K-State 69-62, stay in 3rd in Big 12

February 20, 2020

LUBBOCK, Texas (AP) — Davide Moretti flinched as a pass the Texas Tech guard wasn't expecting glanced off his back and bounced toward Kansas State's Cartier Diarra.When Diarra tried to get too fancy with the ensuing breakaway dunk and clanged a windmill attempt off the rim, Moretti made the last-pla...