Business

US markets are weighed down by an extended sell-off in the tech sector

A broad sell-off in technology companies pulled stocks lower on Wall Street Friday, capping off the market's worst week since late June. The S&P 500 fell 1.1%. Its roughly 2% drop for the week wiped out its gains from last week, when it set an all-time high. The Nasdaq composite, which ...

GOP faces backlash from factory workers squeezed out of jobs by tariffs

NEW YORK (AP) — Nelson Vandermeer voted Republican for decades but balked at supporting President Donald Trump, fearing that the Republican's plan for tariffs on imports would hurt workers more than help. Last year, Vandermeer's premonition came true in a very personal way. The 62-year-old ...

Trump says US to get diesel from Russia

WASHINGTON (AP) — President Donald Trump said that he has struck a deal to obtain diesel from Russia, a stunning reversal of years of U.S. pressure on Moscow over its war with Ukraine and an attempt to address high fuel prices ahead of the U.S. midterm elections. Trump said on social media ...

Average long-term US mortgage rate at highest level in nearly 3 years

Mortgage rates marched higher for the seventh week in a row, driving the average long-term U.S. home loan rate to its highest level in nearly three years. The benchmark 30-year fixed-rate mortgage climbed to 7.40% from 7.28% last week, mortgage buyer Freddie Mac said Thursday. One year ago, ...

Wall Street retreats from its record as stocks fall worldwide

NEW YORK (AP) — U.S. stocks pulled back from their record on Wednesday. The S&P 500 slipped 0.2%, a day after topping its prior all-time high set in August. The Dow Jones Industrial Average dropped 341 points, or 0.7%, while the Nasdaq composite fell 0.2% from its own record. Stocks ...