Markets Stabilize After Wild Day

Recession Watch

Updated Apr. 25, 2017 4:23PM EDT / Published Jan. 15, 2009 5:54AM EST

The Dow Jones average dropped over 200 points in midday trading Thursday on the heels of more sour economic data but shot back up as markets closed to finish up 12.35 points for the day. The market fell below 8,000 early in the day for the first time in two months, but news that Bank of America may receive another $15 billion from the government brought on the rally. "As soon as you saw the confirmation that they weren't going to let Bank of America become the next Lehman Brothers, everyone jumped to cover their short positions," one trader said. Overall, the economy is still reeling: jobless claims rose 54,000 to 524,000 last week and producer prices fell for a fifth straight month. Overnight, Japan's Nikkei lost 4.9%.

Read it at The Wall Street Journal

Here’s How Stormy Daniels Was Served With Trump Case Papers

Trump’s legal team is in a battle for information regarding the porn actor—and say they’ve got a photo to prove their case.

Quentin Tarantino Is Scrapping ‘The Movie Critic’: Report

The director “simply changed his mind” on the project, which was set to shoot this year with Brad Pitt in the leading role, according to Deadline.

‘SVU’ Star Mistaken for Real Cop by Lost Girl While Filming

The little girl was apparently oblivious to the film crew, as well as Mariska Hargitay’s scene partner, Ice-T.

NBC’s Wacky Plans to Earn More Olympics Viewers Revealed

NBC’s novel approach will be a change from the relatively sober coverage garnered by past Olympic games.

Texas Water Hack Likely Linked to Russian Spy Agency: Report

The infamous hacking group Sandworm may be branching out, a Mandiant report finds.

Dutch Princess Reportedly Fled to Spain Over Kidnap Fears

Alarming threats interrupted her studies at Amsterdam University.

Scorsese Eyes Sinatra Biopic With DiCaprio and J. Law

The aging director wants to make a movie about Frank Sinatra’s life, but he’ll have to go through Sinatra’s daughter Tina, who controls his estate.

Olivia Munn Told Docs to Do ‘Smaller’ Breast Reconstruction

“Even as the anesthesia was making its way into my body, the last thing I said was ‘Please go smaller,’” she recalled.

Markets Stabilize After Wild Day