Economic Indicators

___ Tech companies lead another steep sell-off in US stocks NEW YORK (AP) —Another torrent of selling gripped Wall Street Wednesday, sending the Dow Jones Industrial Average plummeting more than 600 points and extending a losing streak for the be nchmark S&P 500 index to a sixth day.

Stocks closed sharply lower on Wall Street Wednesday, led by a swoon in technology companies that erased the S&P 500 and the Dow Jones Industrial Average's gains for the year.

A top U.S. official is accusing Venezuelan President Nicolas Maduro of illegally exporting tons of gold in a bid to rescue his country's collapsing economy.

Stocks plunge again, wiping out gains for the year; technology swoon pulls Nasdaq 12 percent below August peak.

First, Dunkin' dropped the "Donuts" from its name.

China's vice president and Israel's prime minister have kicked off a joint innovation summit — where the two countries are working to cement their fast-growing relationship.

Italian Prime Minister Giuseppe Conte is holding talks with Russian officials on his first trip to Moscow.

Boeing is topping expectations for the third quarter and raising its outlook for the year on burgeoning defense spending.

New home sales fall to near two-year low

The president is looking to further reduce the tax burden on the middle-class after the midterm elections.

U.S. financial markets were little moved by the data.

Sales of new U.S. homes plunged 5.5 percent in September; supply of unsold homes at 7-year high.

The U.S. says it will not send a high-ranking official to attend a major investment fair in China next month, in a move underscoring worsening trade frictions between the world's two largest economies.

Asian markets turned mixed on Wednesday as traders mulled over the impact of tariffs on corporate America, after big industrial companies admitted that they were facing rising costs.

French dairy company Lactalis has denied claims made by an investigative newspaper that it sold 8,000 tons of milk powder potentially contaminated with salmonella.

Deutsche Bank saw net profit fall 65 percent to 229 million euros ($262 million) in the third quarter but CEO Christian Sewing says the bank made progress cutting costs and would be profitable for the full year for the first time since 2014.

British bank Barclays says its third-quarter net earnings rose 72 percent as it set aside less money to cover bad loans despite economic uncertainty.

Ford Motor Co. has revamped its Asian operations and made its China business a stand-alone unit, recruiting the head of local automaker Chery Automobile to be its new CEO.

Asian markets were mixed on Wednesday as traders mulled over the impact of tariffs on corporate America, after big industrial companies admitted that they were facing rising costs.

U.S. stocks slumped broadly in early trading Tuesday, sending the Dow Jones Industrial Average down more than 500 points and extending the market's recent string of losses.