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The Nasdaq Composite plummeted on Thursday, erasing the sharp gains from the previous session, as investors continued to rotate away from technology stocks and into more defensive areas of the market. The tech-heavy Nasdaq declined 4.9% and dipped into correction territory, trading more than 10% below a record set last month. The S&P 500 was down 3.2%. The Dow Jones Industrial Average shed 1,136 points, or 2.1%, as gains in stocks such as Chevron and Johnson & Johnson were not enough to spare the 30-stock index from the tech selling spree. The Dow erased more than half of its advance...

US stocks fell suddenly on Thursday as AI and chip stocks sold off, erasing the gains from Wednesday's post-election rally. The Dow Jones Industrial Average (^DJI) tumbled 2.9%, or over 1,500 points. The S&P 500 (^GSPC) fell 3.8%, and the tech-heavy Nasdaq Composite (^IXIC) dropped 5.2%, putting the index on track to close in a correction. The PHLX Semiconductor index (^SOX) dived 10% as Nvidia (NVDA), Micron (MU), and other chip names sank. Large-cap tech stocks were pacing for their worst day since the COVID-19 pandemic sell-off. Investors continued to process the Democrats' sweeping victory on Tuesday and its implications...

Dow is down over 1,200 points right now…l guess they got the news one day late….or maybe as someone said yesterday, just more noise…..lol

Defense Secretary Pete Hegseth has fired the Pentagon's top military planner as President Donald Trump considers renewed strikes on Iran following next week's midterm elections. Army Lt Gen Brett Sylvia was removed as head of strategy, plans and policy on the Joint Chiefs of Staff, after he reportedly leaked classified information about the war in Iran and the war between Russia and Ukraine.

Pentagon chief Pete Hegseth, in his latest effort to boost the role of religion in military life, announced the establishment of the Office of Religious Affairs during his Sept. 30 “State of the Force” address in Quantico, Virginia. The office will give military chaplains a “direct line” to him, he said, without “staff filters” and “bureaucratic dilution” that he characterized as an impediment to meeting service members' religious needs. “The experts, our chaplains, will finally have an advocate at the highest levels,” he said. “Policy and resources will serve the mission, not smother the mission.” He also framed it as...

In direct support of President Donald J. Trump's commitment to election integrity, Secretary of War Pete Hegseth has signed a memorandum directing the Department of War to mobilize a comprehensive, whole-of-government defense of our election infrastructure from foreign adversaries. Under the Secretary's directive, U.S. Cyber Command and Combat Support Agencies will prioritize and deploy advanced intelligence and cyber capabilities to identify, disrupt, and neutralize foreign interference in U.S. democratic processes. "Free and fair elections are the foundation of our republic," said Chief Pentagon Spokesman Sean Parnell. "By working in lockstep with federal, state, and local partners, U.S. Cyber Command and...

An American technology executive and a Russian national have been charged with conspiracy to commit wire fraud in connection with alleged efforts to conceal Russian ownership and software development at a digital forensics firm that obtained U.S. government contracts, including work involving the Secret Service. The U.S. Attorney’s Office for the Central District of California announced on September 23 that Lee Reiber, 55, of Boise, Idaho, chief executive officer of Alexandria, Virginia-based Oxygen Forensics Inc., and Oleg Sergeyevich Davydov, 52, of Moscow, had been arrested Reiber was taken into custody in Idaho on September 20, made an initial appearance in...

US stocks dropped on Wednesday as bond yields rose after the Federal Reserve voted to hold rates steady, with three members dissenting and voting for a hike. The Dow Jones Industrial Average (^DJI) fell more than 1,100 points or 2.2% as oil prices rose amid renewed tensions in the Middle East, and long-dated Treasury yields rose following the Fed decision. The S&P 500 (^GSPC) dropped 1.5%, while the tech-heavy Nasdaq Composite (^IXIC) sank about 1.7% as a sell-off in chip stocks continued to deepen. Markets were digesting the Federal Reserve's decision to hold interest rates steady, with three FOMC members...

Dow Jones Industrial Average Last Updated: May 29, 2026 at 12:15 p.m. EDT 51,007.80 338.83 0.67% Previous Close 50,668.97 05/29/2026 12:14 PM EDT

The U.S. military shot down a Customs and Homeland Security drone on Thursday evening, which led to the abrupt closure of airspace over Fort Hancock, Texas, lawmakers said. At 6:30 p.m. local time, the Federal Aviation Administration closed the airspace, citing “special security reasons.” The FAA’s official notice of the closure currently says the closure will remain in effect until June 24. As it turns out, the “special security reasons” involved a friendly fire incident in which the U.S. military shot down a Customs and Border Protection drone using a laser-based anti-drone system. Rep. Rick Larsen (D-WA), the top Democrat...

The Pentagon has warned defense contractors to brace for sweeping performance reviews that will identify companies it says aren’t fulfilling their contracts, according to a message sent to the industry late last week. The reviews were the result of President Trump’s January executive order threatening to cancel the contracts of underperforming defense companies that buy back their shares or pay dividends. “We have completed initial reviews to assess company performance as part of this executive order and will now undergo an extended period of review in which we will make noncompliance determinations,” Michael Duffey, the undersecretary of defense in charge...

EXCLUSIVE: 🚨SECRETARY OF THE ARMY’S OFFICE PLOTTING COUP AT THE PENTAGON TO REMOVE @SecWar PETE HEGSETH AND REPLACE HIM WITH @SecArmy DAN DRISCOLL 🚨 Individuals in the office of US Army Secretary Dan Driscoll have been orchestrating a Coup against Secretary of War Pete Hegseth @PeteHegseth in an effort to have him removed by President Trump and replaced by Dan Driscoll. Over the last 2 weeks, the legacy media, which is incredibly hostile to Hegseth, has been posting puff pieces about Dan Driscoll and how he is a “rising star” at the Pentagon. Sources have told me that Jake Sullivan...

Defense Secretary Pete Hegseth has fired or sidelined at least two dozen generals and admirals over the past nine months in a series of ousters that could reshape the U.S. military for years to come. His actions, which are without precedent in recent decades, have come with little explanation. In many cases, they have run counter to the advice of top military leaders who fought alongside the officers in combat, senior military officials said. The utter unpredictability of Mr. Hegseth’s moves, as described in interviews with 20 current and former military officials, has created an atmosphere of anxiety and mistrust...

By criticizing the secretary’s policies publicly and casting aspersions on his fitness for the office he holds, these officers are flaunting both fundamental leadership principles and long-established military tradition. Trump derangement syndrome and its variant, Hegseth derangement syndrome (HDS), continue to infect an undetermined number of victims in the military. Like the original affliction, this new strain is a debilitating malady that deprives the aggrieved victim of the ability to think and act rationally. Like the sufferers of TDS who warn the country that Trump is politicizing the justice system by investigating and prosecuting some who have opposed him, the...

I was one of those many, many retired officers who thought it was great when Pete Hegseth walked in and told an assembly of hundreds of generals and admirals that they suck and are fat, and they needed to unsuck and get unfat. Well, he was a little more polite than that, but not much. Of course, when their subordinates screw up in a massive way like these generals and admirals have over the last three decades, these generals and admirals would not have sugarcoated it. There would be no talk of feelings, no hugging. They would nuke their delinquent...

WASHINGTON (AP) — Over a recent two-year period, the Pentagon funded hundreds of projects done in collaboration with universities in China and institutes linked to that nation’s defense industry, including many blacklisted by the U.S. government for working with the Chinese military, a congressional investigation has found. The report, released Friday by House Republicans on the Select Committee on the Chinese Communist Party, argues the projects have allowed China to exploit U.S. research partnerships for military gains while the two countries are locked in a tech and arms rivalry.“American taxpayer dollars should be used to defend the nation — not...

Donald Trump has signed an executive order to rename the Department of Defense as the Department of War.

FIRST ON FOX: President Donald Trump will sign an executive order Friday to alter the name of the Department of Defense to the Department of War, reverting to the agency’s former namesake, Fox News Digital has learned.

Stocks rose on Monday as traders closed out a stunning month with even more record highs. Monday marked the last day of June, a month in which the major averages have staged a sharp recovery back to record levels. The S&P 500 rose nearly 5% in the month, while the tech-heavy Nasdaq jumped more than 6%. The Dow added about 4% in June.

Stocks rose on Friday as Wall Street digested a better-than-expected nonfarm payrolls report for April, which eased recession fears and lifted the S&P 500 for its longest winning streak in just over two decades.