Dow falls more than 300 points for a second day of losses as rally to records pauses
U.S. stocks fell for a second straight day on Wednesday as the market's recent rally to new records took a pause. The Dow Jones Industrial Average dropped 344.93 points, or 1.2%, to 29,438.42 in a volatile session, after rising as much as 147 points at its session high. The S&P 500 slid 1.2%, or 41.74 points, to 3,567.79, while the tech-heavy Nasdaq Composite fell 0.8%, or 97.74 points, to 11,801.60. The major averages finished the day near their session lows. Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.cnbc.com
Redskins' Snyder promises new culture with Rivera as coach
Washington Redskins new head coach Ron Rivera speaks during a news conference at the team's NFL football training facility, Thursday, Jan. 2, 2020 in Ashburn, Va. (AP Photo/Alex Brandon)ASHBURN, VA – Ron Rivera's tenure as Washington Redskins head coach promises to bring major changes at least from his immediate predecessor, Jay Gruden. Whether he can build the consistent winning team that has eluded Dan Snyder in two decades as owner remains to be seen. Snyder, who rarely speaks publicly, introduced Rivera on Thursday and said his new coach will have unique authority. In speaking with people who knew Rivera, Snyder said several words were mentioned: “Integrity, honesty, knowledge, grit, determination. Jack Del Rio, the former head coach of the Jacksonville Jaguars and Oakland Raiders, was named defensive coordinator earlier Thursday.
Winless in Miami: Something's gotta give for Dolphins, Redskins, doesn't it?
Miami Dolphins first-year head coach Brian Flores and Washington Redskins interim head coach Bill Callahan are in search of their teams' first win. MIAMI GARDENS, Fla. - The "tank for Tua" sweepstakes will hit a crescendo this weekend when the Miami Dolphins host the Washington Redskins at Hard Rock Stadium. The Dolphins and Redskins join the New York Jets and Cincinnati Bengals as the NFL's only remaining winless teams. Washington fired head coach Jay Gruden after losing to the undefeated New England Patriots 33-7 last Sunday. Mark Brown/Getty Images Miami Dolphins quarterback Josh Rosen looks to pass in the second quarter against the Los Angeles Chargers at Hard Rock Stadium on Sept. 29, 2019 in Miami Gardens, Florida.