Nasdaq tops 10000 as stocks close mixed on Fed signals
Stocks end a choppy session with broad losses led by the Dow and S&P 500 while the Nasdaq clears 10,000 for the first time this year. The Fed signaled it will keep rates low through 2022 and continue asset purchases to support markets. Large tech gains buoyed the Nasdaq, though small caps fell.
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Former judge blasts Flynn case dismissal as abuse of power
Former U S District Judge John Gleeson says the Justice Department abused prosecutorial power by seeking to drop the Flynn case. He urges Judge Sullivan to deny the motion, arguing Flynn lied to the FBI and committed perjury. Gleeson notes prior court orders and legal errors in prosecutors briefs. The appeal court will hear arguments on Sullivan’s stance while Flynn’s team seeks to push the case to dismissal.
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United Airlines requires self screening before flight
United Airlines will require passengers to complete a self-assessment health screen before flying and confirm no coronavirus symptoms in the two weeks prior. The move is part of broader industry efforts to reassure travelers as demand plunges and travel gradually resumes.
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Ford recalls nearly 2.5M cars for latch and brake issues
Ford recalls about 2.5 million vehicles in the U S Canada and elsewhere due to a door latch defect that can let doors open in motion and a brake fluid leak in 344000 F-150 pickups. The latch issue is a third recall tied to defective pawl spring tabs and has some injury-linked crashes.
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