Stocks

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.

Tesla has spent aggressively to develop the Model 3, its first attempt at a mass-market sedan.

The shipping giant is hiring 100,000 seasonal employees and increasing capacity to handle the volume.

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

The Latest on Ford's third quarter earnings (all times local): 4:15 p.m. Ford Motor Co.'s net profit fell 37 percent in the third quarter as sales slowed in the U.S. and China.

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

McDonald’s executives admitted during an earnings call this week that the company is losing market share to competitors during breakfast.

The aerospace giant reported earnings per share of $3.58.

AT&T also lost 359,000 satellite television subscribers.

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.

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.

Stocks took a beating yet again.

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.

WHAT'S HAPPENING Shares of Tesla Inc. soared Tuesday, a day ahead of the company's third-quarter earnings release, after an investment firm that had long bet against the company's stock reversed its position and said it would invest in the electric car and solar panel maker for the long run.

___ Stocks mostly recover from an early plunge on Wall Street NEW YORK (AP) — A turbulent day on Wall Street ended Tuesday with stocks climbing nearly all the way out of a steep, broad sell-off that at one point erased more than 500 points from the Dow Jones Industrial Average.

Stocks closed lower Tuesday after climbing back from an early plunge, giving the benchmark S&P 500 index its fifth-straight loss.

The kid-themed meals may still be discounted at some locations.

The latest on developments in financial markets (all times local): 9:35 a.m.

McDonald's is putting up positive same-store sales growth for the 13th consecutive quarter and it's topped Wall Street profit and revenue expectations for the third quarter.