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Stock market today: Wall Street climbs, and Dow rises more than 300 points as stocks worldwide rally

Published Fri, 07 Feb 2025 14:54:07 GMT

NEW YORK (AP) — Wall Street rose Thursday after a blizzard of reports suggested the U.S. economy is still humming, though inflation may be too. The S&P 500 climbed 0.8% for its best day in two weeks. The Dow Jones Industrial Average rallied 331 points, or 1%, and the Nasdaq composite added 0.8%.Some of the strongest action was in the bond market, where Treasury yields swung up and down several times. While the reports bolstered hopes the U.S. economy will avoid a deep recession, the strength underlying them could also add upward pressure on inflation. One report said U.S. shoppers spent more at retailers last month than economists expected. Such spending has been a linchpin for the economy, but it could also encourage retailers to keep trying to raise prices further.The strong spending is a result of a remarkably resilient job market, which has withstood a steep jump in interest rates. A separate report Thursday morning said fewer workers applied for unemployment benefits last w...

S&P/TSX composite rises almost 300 points, U.S. stock markets also rally

Published Fri, 07 Feb 2025 14:54:07 GMT

TORONTO — Canada’s main stock index gained almost 30 points on a broad-based rally led by base metal stocks as the price of oil reached US$90 per barrel, while U.S. stock markets also rose.A strong initial public offering (IPO) by a semiconductor company helped lift investors’ spirits Thursday and offset several economic reports that came in stronger than expected, said Michael Currie, senior investment adviser at TD Wealth. Shares in U.K. firm Arm Holdings opened at US$56.10 on the Nasdaq after being priced at $51. At the end of the trading day, its stock was up almost 25 per cent at $63.59. The S&P/TSX composite index closed up 288.90 points at 20,567.84.In New York, the Dow Jones industrial average was up 331.58 points at 34,907.11. The S&P 500 index was up 37.66 points at 4,505.10, while the Nasdaq composite was up 112.47 points at 13,926.05.Arm’s debut was one of the biggest IPOs in a while, and markets appear to be sighing with relief after a strong showing...

Search underway in Hinsdale for armed robbery suspect

Published Fri, 07 Feb 2025 14:54:07 GMT

HINSDALE, Ill. -- Authorities in the Western Suburbs are actively searching for an armed robbery suspect in a Hinsdale neighborhood Thursday afternoon.According to the Addison Police Department, officers responded to reports of a robbery on the 1600 block of West Lake Street around 1 p.m. on Thursday. Shortly after, Hinsdale police located a vehicle believed to be involved located near Interstate 294 and Ogden Avenue. No cash bail set to start Monday in Illinois: Here’s what you need to know A search of the area was conducted in the Hinsdale neighborhood nearby where officers were able to take one individual into custody, while another suspect remains at large.Authorities are currently searching the area of Oak Street and Fuller Road in Hinsdale for the other suspect. The public has been asked to avoid the area.No further information has been provided at this time.Stay with WGN-TV as this story develops.

Will County Animal Control: Beware of missing wallaby

Published Fri, 07 Feb 2025 14:54:07 GMT

MONEE, Ill. — Will County Animal Control officials on Thursday asked Monee residents to be on the lookout for a missing wallaby.On the organization's Facebook page, officials warned of a missing wallaby named Rupert, who stands 2 feet tall and weighs 45 pounds. Bears won’t take one step toward a new stadium this fall Locals who see Rupert are asked not to try and chase or catch the furry animal. Instead, officials ask those who may come in contact to take a video or photo of its location. Additionally, anyone with information on the wallaby's whereabouts is asked to contact the Will County Animal Control or (708) 710-3148.This is a developing story. Check back for updates.

Woman dead, man injured after being hit by driver while crossing street in Mundelein

Published Fri, 07 Feb 2025 14:54:07 GMT

MUNDELEIN, Ill. — A woman is dead and a man is injured after a driver hit them late Tuesday night in Mundelein, according to the Lake County Coroner's Office.Around 11:30 p.m., a driver hit them near Butterfield Road and Canterbury Lane while they were crossing the street. 26 injured, 5 seriously after tent collapse in Bedford Park Both of them were taken to Advocate Condell Medical Center where Liliia Leshchenko, 37, of Mundelein, died, the coroner's office said.The man, 39, has non-life-threatening injuries, police said.The driver, 67, was not injured and is cooperating with investigators, police said.

US school shootings reach new high, doubled in past year

Published Fri, 07 Feb 2025 14:54:07 GMT

(The Hill) – School shootings reached a record high in the 2021-2022 school year, doubling the previous record that was set the year before, according to new federal data released Wednesday.In the 2021-2022 school year, 188 school shootings with casualties were reported, breaking the record from the year before, when 93 shootings with casualties were reported, according to the National Center for Education Statistics’ (NCES) annual crime and safety report.The report notes there has been “no consistent trend” in school shootings from the 2000-2001 school year to the 2020-2021 school year, with shootings with casualties ranging from 11 to 93 per year. “Because the number of school shootings in 2021–22 is an outlier compared to prior years, readers should interpret data with caution,” the report says. The FBI defines active shooters as a person or people who try to kill others in a populated area. Based on that definition, NCES found 47 active shooters in schools from 2000 to...

'I want to play so bad:' Connor Bedard ready to play in game for Blackhawks this weekend

Published Fri, 07 Feb 2025 14:54:07 GMT

CHICAGO — It's been quite a summer for the new face of the Chicago Blackhawks, from the NHL Draft to events featuring stars of professional hockey.But Connor Bedard is happy to finally get the chance to do what he enjoys best this weekend: Play hockey."It's what we all want to do," said Bedard after taking part in the Blackhawks' prospect practice on Thursday at Fifth Third Arena. "Of course, there's been a lot of photos and interviews and everything, which is great. But I wanna play hockey, that's what I love. "So it's good to kinda get back here and get everything started and focus on that."That will happen for the NHL's No. 1 overall pick this weekend when he takes part in the Tom Kurvers Prospect Showcase in St. Paul, Minnesota. Bedard will get the chance to face the best young players from the St. Louis Blues organization at 6 p.m. on Saturday with a scrimmage against the Minnesota Wild's prospects taking place on Sunday at 3 p.m. "I love being in a routine and having that kind...

'Critical Conversation' event to discuss climate change's impact on Midwest farming

Published Fri, 07 Feb 2025 14:54:07 GMT

CHICAGO — It's a complicated topic but one that can't be ignored: How will climate change affect the way you eat and the way you live?   The Illini Center in Chicago is set to take on the difficult questions during its fifth annual Critical Conversation event from Sept. 18-19.Maggie Monast, senior director of Climate-Smart Agriculture at Environmental Defense Fund, joined WGN Evening News at 4 p.m. on Wednesday to discuss the two-day event. Read more: Latest Chicago news headlinesWatch the full interview in the video player above.

Lake Mead's rise levels off after 5-month climb — 34% full as incredible water year nears end

Published Fri, 07 Feb 2025 14:54:07 GMT

LAS VEGAS (KLAS) -- Leveling off after steady increases since early April, Lake Mead appears to have reached its peak for the year -- more than 22 feet above last year.That remarkable climb marks the end of a dizzying year and a half that brought us a body in a barrel, a speedboat sticking out of the lake bottom and at least 23 deaths just this year alone.And we could see it all happen again.Average daily levels computed by the U.S. Bureau of Reclamation show the surface of Lake Mead at 1,066.32 feet above sea level on Sept. 7. Since then, it has hovered around the same level and come down slightly, now at 1,066.25 feet as of midday Wednesday.Lake Mead's level compared to the previous five years. (U.S. Bureau of Reclamation)That beats forecasts from earlier this year when Reclamation said the lake would reach 1,065.59 by the end of September. It's always possible Reclamation might adjust operations in a way that increases the lake level this month. It's a simple equation: how much c...

Homicide investigation underway after body found at east Austin park

Published Fri, 07 Feb 2025 14:54:07 GMT

Editor's note: The above video is KXAN's previous coverage from Sept. 12AUSTIN (KXAN) -- On Thursday, the Austin Police Department said it was searching for a suspect after a man was found dead at an east Austin park on Monday.Shortly after 9:30 p.m., officers responded to a call from the Travis County Sheriff's Office after a body was found with gunshot wounds at John Trevino Jr., Metro Park, located at 9501 FM 969, according to police.Police did not identify the man Wednesday. APD investigating after body found at park TCSO received a call shortly after 7:15 p.m. reporting the body found at the park. However, the location of where the body was found was determined to be in APD's jurisdiction, according to a news release from APD.The victim was shot and killed by a suspect, who police said left the area, the release said. Detectives were still looking for the shooter on Wednesday, according to police. MAP: Where have Austin’s homicides occurred in 2023? Anyone with any informat...