SUMMARY: U.S. stock indexes drifted lower Tuesday as Wall Street’s recent momentum waned, with the S&P 500 down 0.3% yet near its yearly high. The Dow and Nasdaq also slipped. Travel stocks, including Norwegian Cruise Line and Carnival, declined amid spending concerns. Home Depot rose 1.3% after strong revenue and reaffirmed forecasts, contrasting with other cautious firms amid ongoing tariff uncertainties. Treasury yields edged up, while the U.S. dollar remained stable following Moody’s downgrade of U.S. debt. Global central banks cut rates to stimulate growth, with China and Australia easing policies. China’s CATL surged 16.4% in its record IPO debut.

Read the full article

The post US stocks drift as S&P 500 flirts with its first drop in 7 days appeared first on www.abccolumbia.com

It’s May, which is the peak of tornado season in parts of the country.

Places like the Plains, the Mid-South, and the Midwest have a high chance of experiencing severe weather, including tornadoes, in the Spring. May brings more warmth and moisture to move across a greater part of the country.

This May hasn’t been an exception.

Over the weekend, multiple days of severe weather outbreaks brought deadly storms west of the Carolinas.

Read more: https://bit.ly/3SNXu0s

Stay up to date with our social media:

WPDE on Facebook: / wpdeabc15
WPDE on Twitter: / wpdeabc15
Subscribe to WPDE on YouTube: / @wpdeabc15

For more information, visit https://bit.ly/3WAEB3N

Have a news tip? Send it directly to us:

Email us: abc15news@wpde.com
Call the Newsroom: 843.487.3001

WPDE is a SC based station and an ABC Television affiliate owned and operated by Sinclair Broadcast Group. WWMB is a SC based station and a CW Television affiliate owned and operated by Howard Stirk Holdings and receives certain services from an affiliation of Sinclair Broadcast Group.

Source

SUMMARY: House Republicans narrowly advanced President Trump’s tax cut package out of a key committee in a late-night vote, with conservative holdouts demanding quicker cuts to Medicaid and green energy programs. Speaker Mike Johnson acknowledged ongoing negotiations, aiming for a House vote before Memorial Day. The bill, which extends tax cuts and includes spending for border security, faces opposition from both Republicans concerned about deficits and Democrats criticizing cuts to Medicaid and food assistance. The proposal, which could add \$3.3 trillion to the national debt, also includes changes to the state and local tax deduction. The bill moves next to the Senate.

Read the full article

The post Trump’s big bill advances in rare weekend vote, but conservatives demand more changes appeared first on www.abccolumbia.com