LCSO: Lehigh Acres shooting investigation underwayRock for Equality: SWFL non-profit hosts benefit concert for Palestine
lehigh acres LCSO: Lehigh Acres shooting investigation underway The Lee County Sheriff’s Office responded to a shooting in Lehigh Acres early Saturday morning.
Rock for Equality: SWFL non-profit hosts benefit concert for Palestine A Southwest Florida non-profit hosted a benefit concert on Friday night to help with humanitarian aid in Palestine.
Warm, breezy Saturday with a few showers possible The Weather Authority is forecasting a breezy, warm weekend in store across Southwest Florida, with the chance of a few showers, particularly on Saturday.
CAPE CORAL Active investigation underway in South Cape Coral Cape Coral police are investigating at a home on Southwest 49th Terrace in South Cape Coral early Saturday morning.
16 transported after 2 airboats crash in Collier County According to the Collier County Sheriff’s Office, two airboats crashed south of U.S. 41 east between mile markers 74 and 75, leaving well over a dozen people injured.
SOUTHWEST FLORIDA New bill filed: Auto shop and law enforcement must work together to solve hit-and-run crashes There could be new detectives on the block, located in your nearest auto shop. A new state bill aims at trying to stop hit-and-run drivers from getting away.
CAPE CORAL New leash on life; Cape Coral shelter dog beats cancer with drug being tested for humans A drug now being studied in human trials to kill cancerous tumors, is already approved and helping animals.
CAPE CORAL City of Cape Coral planning a new interchange with I-75 The city of Cape Coral is in the early stages of planning a new interchange with I-75, an idea that has been discussed for more than a decade.
Tracking invasive species after hurricanes Hurricanes Helene and Milton didn’t just bring wind and rain, they brought new threats to southwest Florida’s ecosystem.
PUNTA GORDA Woman in Punta Gorda shooting charged with 2nd degree murder A woman in a homicide investigation on Nasturtium Drive in Punta Gorda has been charged with 2nd-degree murder.
Lee County mother continuing fight to get children a bus stop The school district already told her she lives too close to the school to qualify for a bus route but she has not given up.
NORTH NAPLES Grant Thornton Invitational returns to Tiburon Golf Club Stars on the PGA and LPGA Tours are back in Southwest Florida for the Grant Thornton Invitational at Tiburon Golf Club.
FORT MYERS Black Flag brings classic punk energy to The Ranch in Fort Myers Legendary punk band Black Flag made their mark in Southwest Florida during the Fort Myers stop of their “First Four Years” tour.
Charlotte Technical College breaks ground on aviation facility The Charlotte County School District is flying high and keeping its “Space Academy” designation with a new aviation training facility for students.Â
CAPE CORAL Man arrested in connection with Cape Coral home invasion The Cape Coral Police Department has announced the arrest of one of three men suspected in a home invasion that took place earlier this month.
lehigh acres LCSO: Lehigh Acres shooting investigation underway The Lee County Sheriff’s Office responded to a shooting in Lehigh Acres early Saturday morning.
Rock for Equality: SWFL non-profit hosts benefit concert for Palestine A Southwest Florida non-profit hosted a benefit concert on Friday night to help with humanitarian aid in Palestine.
Warm, breezy Saturday with a few showers possible The Weather Authority is forecasting a breezy, warm weekend in store across Southwest Florida, with the chance of a few showers, particularly on Saturday.
CAPE CORAL Active investigation underway in South Cape Coral Cape Coral police are investigating at a home on Southwest 49th Terrace in South Cape Coral early Saturday morning.
16 transported after 2 airboats crash in Collier County According to the Collier County Sheriff’s Office, two airboats crashed south of U.S. 41 east between mile markers 74 and 75, leaving well over a dozen people injured.
SOUTHWEST FLORIDA New bill filed: Auto shop and law enforcement must work together to solve hit-and-run crashes There could be new detectives on the block, located in your nearest auto shop. A new state bill aims at trying to stop hit-and-run drivers from getting away.
CAPE CORAL New leash on life; Cape Coral shelter dog beats cancer with drug being tested for humans A drug now being studied in human trials to kill cancerous tumors, is already approved and helping animals.
CAPE CORAL City of Cape Coral planning a new interchange with I-75 The city of Cape Coral is in the early stages of planning a new interchange with I-75, an idea that has been discussed for more than a decade.
Tracking invasive species after hurricanes Hurricanes Helene and Milton didn’t just bring wind and rain, they brought new threats to southwest Florida’s ecosystem.
PUNTA GORDA Woman in Punta Gorda shooting charged with 2nd degree murder A woman in a homicide investigation on Nasturtium Drive in Punta Gorda has been charged with 2nd-degree murder.
Lee County mother continuing fight to get children a bus stop The school district already told her she lives too close to the school to qualify for a bus route but she has not given up.
NORTH NAPLES Grant Thornton Invitational returns to Tiburon Golf Club Stars on the PGA and LPGA Tours are back in Southwest Florida for the Grant Thornton Invitational at Tiburon Golf Club.
FORT MYERS Black Flag brings classic punk energy to The Ranch in Fort Myers Legendary punk band Black Flag made their mark in Southwest Florida during the Fort Myers stop of their “First Four Years” tour.
Charlotte Technical College breaks ground on aviation facility The Charlotte County School District is flying high and keeping its “Space Academy” designation with a new aviation training facility for students.Â
CAPE CORAL Man arrested in connection with Cape Coral home invasion The Cape Coral Police Department has announced the arrest of one of three men suspected in a home invasion that took place earlier this month.
FILE- In this July 21, 2020 file photo, people walk by the New York Stock Exchange. Stocks are falling in early trading on Friday, Oct. 30, as Wall Street closes out a punishing week and its first back-to-back monthly loss since March, when worries about the pandemic were first peaking. (AP Photo/Mark Lennihan, File) Wall Street closed out another punishing week Friday with the S&P 500 posting its first back-to-back monthly loss since the pandemic first gripped the economy in March. The S&P 500 dropped 1.2% and ended the week with a 5.6% loss, its worst in seven months. Sharp drops in big technology stocks drove much of the selling, reflecting worries that expectations built too high for some of the market’s biggest stars, including Apple and Amazon. Investors have bid up shares in those and other Big Tech companies this year, anticipating they would deliver strong profits, but their latest results and uncertain outlooks left traders wanting. Wall Street was already wracked by fears about the potential economic damage from surging coronavirus counts around the world, Washington’s inability to provide more support for the economy and uncertainty surrounding the presidential election. President Donald Trump often cites the stock market as a barometer of his administration’s performance on the economy. “Today, you have investors who are taking profits in the tech stocks that they expected to do well in the third quarter,” said Sam Stovall, chief investment strategist at CFRA. “And now the focus once again is on Covid-19, and investors are just selling ahead of a weekend.” The S&P 500 lost 40.15 points to 3,269.96. It ended October with a 2.8% loss. The Dow Jones Industrial Average fell 157.71 points, or 0.6%, to 26,501.60. Earlier, it had been being down 515 points. The Nasdaq composite gave up 274 points, or 2.5%, to 10,911.59. The tech-heavy index is within 0.6% of a “correction,” Wall Street-speak for a decline of 10% or more from an all-time high. Much of the market’s focus Friday was on Apple, Amazon, Facebook and Google’s parent company. They are four of the five biggest stocks in the S&P 500 by market value, which gives their movements outsized sway on the index, and they were principal forces behind Wall Street’s huge rally since March. All four reported profit for the summer that was even better than analysts were expecting, just like the other stock in the Big Five did earlier this week. But also like Microsoft, most nevertheless fell as investors found reasons for concern within their reports. Apple dropped 5.6% after investors focused on weaker revenue than expected for its iPhones and sales in China. Amazon fell 5.4%, and Facebook lost 6.3%. Twitter, another high-profile tech stock, slumped 21.1% for the largest loss by far among stocks in the S&P 500. It also reported better-than-expected earnings for the latest quarter. Investors focused instead on its growth in daily users, which fell short of analysts’ expectations. Google’s parent company, Alphabet, was an outlier and rose 3.8% after reporting growth in digital ad spending. A similar trend has been occurring across the market: Stocks are not getting the bounce they usually do after reporting results that beat analysts’ expectations. And they’ve been giving investors plenty of opportunities to do so: With nearly three quarters of the S&P 500 by market value having reported, 84% of companies have beat expectations, according to Credit Suisse. Analysts say that’s an indication that expectations may have built too high through the market’s big rally and that investors’ attention may simply be elsewhere given all the uncertainties sweeping the market. Much of the market’s focus has been on what’s to come for the economy when coronavirus counts are rising at troubling rates across Europe and the United States. Several European governments have already brought back restrictions on businesses to slow the spread of the virus. Even if the strictest lockdowns don’t return in the United States, the worry is the pandemic’s rising death toll will drive customers away from businesses by itself and undercut profits. “Because of the spike in Covid-19 overseas, with Germany and France in lockdown mode once again, the implication is that we could be heading into a double-dip recession in Europe, and that would have negative future implications for our economic growth.” Stovall said. Meanwhile, Washington has been unable to deliver more aid to the economy. That’s despite investors and economists saying it’s sorely needed following the expiration of supplemental benefits for laid-off workers and other stimulus approved by Congress earlier this year. “The Fed is saying this, the market is saying this, and most economists are beginning to adjust their fourth quarter forecasts with the expectation that growth without stimulus is going to be hard to achieve, especially as COVID-19 cases seem to set new daily records each day,” said Kevin Giddis, chief fixed income strategist at Raymond James. In markets around the world on Friday, caution was still continuing to dominate. But the moves were not as violent as earlier in the week. A measure of fear in the U.S. stock market, the VIX index, flipped between small gains and losses before rising 1.1%. The yield on the 10-year Treasury ticked up to 0.87% from 0.83% late Thursday. European markets ended mixed and Asian markets closed broadly lower. AP Business Writer Joe McDonald contributed.