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NEW YORK  stanley tumbler  AP  鈥?Wall Street is giving back some of its strong gains from the week on Friday foll stanley cups uk owing discouraging readings on stanley cups  the global economy and another slew of profit reports from big U.S. companies.The SP 500 was 1.3% lower, as of 3 p.m. Eastern time, and threatening to halt a three-day rally that had carried it back to its highest level in six weeks.The Nasdaq composite was leading the market lower with a 2.2% drop following weaker-than-expected profit reports from Snap, Seagate Technology and other tech-oriented companies.The Dow Jones Industrial Average was holding up better, down 249 points, or 0.8%, at 31,787, in large part because constituent American Express gave an encouraging earnings report and said its cardholders were spending more.Sandwiched between last week s dispiriting report on inflation and next week s decision by the Federal Reserve on interest rates, the SP 500 is still on track for its best week in a month following a collection of mostly better-than-expected reports on corporate profits.Falling yields in the bond market also helped, easing the pressure on stocks after expectations for rate hikes by the Fed sent yields soaring much of this year.On Friday the two-year Treasury yield tumbled again, to 2.99% from 3.09% late Thursday and from 3.14% a week ago, on worries about the economy. A report Friday morning indicated U.S. business activity may be shrinking for the first time in nearly two years, with service industries particularly wea Vzbv Happy Winter Solstice! Monday marks official start to winter, shortest amount of daylight
The FBI is investigating Postmaster General Louis DeJoy in connection with campaign contributions involving his former business, according to multiple reports.The Washington Post stanley termosky  was the first to report the investigation in which agents have reportedly interviewed current and former employees of DeJoy and his former company, New Breed Logistics.A spokesperson for DeJoy confirmed the investigation in a statement to The Post and CNN. The representative said the Department of Justice is investigating campaign contribution stanley cups uk s made by employees who worked for DeJoy when he was in the private sector, but he said DeJoy never knowingly violated campaign contribution laws.In the statement, the spokesperson said DeJoy has answered questions a stanley cup bout his business dealings posed by Congress and the Postal Service inspector general.The spokesperson said DeJoy expects nothing illegal to come from the investigation and he intends to work with the DOJ to quickly resolve the situation.The USPS Board of Governors, which were all selected by former President Donald Trump, appointed DeJoy to his role in May of 2020. Soon after being confirmed by the Senate, he imposed cost-cutting measures that some blamed for creating backlogs across the U.S.     .Page-below > .RichTextModule display:none; .Page-below .Link font-size: 12px; padding: 5px 10px;border: 1px solid  005687;border-radius: 4px;font-family:  proxima-nova , sans-serif; Report a typo