Los Angeles sees city bus burned, store thefts and rowdy crowds after Dodgers win World Series

LOS ANGELES (AP) — Rowdy crowds took to the streets of Los Angeles after the Dodgers won the World Series, setting a city bus on fire, breaking into stores and lighting off fireworks. A dozen arrests were reported by police Thursday, but officials emphasized that most fans celebrated peacefully.

Video showed revelers throwing objects at police in downtown LA as sirens blared and officers told them to leave the area late Wednesday after the Dodgers defeated the Yankees in Game 5 in New York.

Other video showed someone standing atop a bus waving a Dodgers banner and people running from a boarded-up Nike store with armfuls of sneakers before throwing the merchandise into cars parked outside. No injuries were reported.

Despite some unrest, “the overwhelming majority of celebrations last night were joyful and peaceful,” Mayor Karen Bass said at a Thursday news conference discussing the logistics of Friday's planned victory parade.

“We will work to keep Angelenos safe as always,” Bass said, emphasizing that “violence of any kind will not be tolerated.”

The mayor, who wore a Dodgers jersey with her name on the back, noted that the parade will be held on what would've been Fernando Valenzuela 's 64th birthday. The beloved Dodgers pitcher died last week.

Bass said she will be sending a Dodgers jersey to New York Mayor Eric Adams to wear at his City Hall “because he has lost the bet.”

Officials said the Los Angeles Police Department will be on high alert throughout the week to protect communities and businesses in the city, which has been the site of previous unrest after championship wins by both the Lakers and the Dodgers.

There were some “unruly, and at times violent and hostile celebrations” after Wednesday's win, with several acts of vandalism, including the burning of a Metropolitan Transportation Authority bus, LAPD spokesperson Officer Drake Madison said in an email.

Arrests were on charges such as failure to disperse, receiving stolen property or commercial burglary, Madison said. There were also several instances of street takeovers downtown and police used less-lethal munitions to control several hostile and violent crowds, Madison said. In the coming days, detectives will attempt to identify those responsible for crimes, he said.

Los Angeles County Sheriff Robert Luna said his deputies would be on full alert for various events, including the celebrations of the Dodgers’ win, Halloween festivities and the upcoming elections. He urged fans to not shoot off illegal fireworks, take over intersections or spin out cars, all of which happened Wednesday night.

“The individuals that were involved in that last night was a very small segment of the east Los Angeles community because most of them were out celebrating because they love their Dodgers," Luna said.

The Dodgers plan to commemorate their championship Friday with a downtown parade followed by a celebration at Dodger Stadium. The team said Wednesday that because of logistics, traffic and timing, fans won’t be able to attend both events.

The parade was expected to include members of the Dodgers traveling atop double-decker buses along a 45-minute route on city streets.

Officials urged people to work from home and to use public transportation when possible Friday.

Associated Press journalists Sarah Brumfield in Washington, D.C., and Kathy McCormack in Concord, New Hampshire, contributed to this report.

This story corrects that Bass was not wearing a Valenzuela jersey, but one with her name on the back.

A person covered in blue paint runs from a police officer as fans celebrate on streets after the Los Angeles Dodgers won against the New York Yankees in the baseball World Series Wednesday, Oct. 30, 2024, in Los Angeles. (AP Photo/Ethan Swope)

A person carries out items from a ransacked Nike store after the Los Angeles Dodgers defeated the New York Yankees to win the baseball World Series Wednesday, Oct. 30, 2024, in Los Angeles. (AP Photo/Ethan Swope)

Fans celebrate on the streets after the Los Angeles Dodgers defeated the New York Yankees to win the baseball World Series Wednesday, Oct. 30, 2024, in Los Angeles. (AP Photo/Ethan Swope)

Fireworks go off as fans celebrate on the streets after the Los Angeles Dodgers defeated the New York Yankees to win the baseball World Series Wednesday, Oct. 30, 2024, in Los Angeles. (AP Photo/Ethan Swope)

Fireworks go off as fans celebrate on the streets after the Los Angeles Dodgers defeated the New York Yankees to win the baseball World Series Wednesday, Oct. 30, 2024, in Los Angeles. (AP Photo/Ethan Swope)

Fireworks go off as fans celebrate on the streets after the Los Angeles Dodgers defeated the New York Yankees to win the baseball World Series Wednesday, Oct. 30, 2024, in Los Angeles. (AP Photo/Ethan Swope)

Fans dance while celebrating on the streets after the Los Angeles Dodgers defeated the New York Yankees to win the baseball World Series Wednesday, Oct. 30, 2024, in Los Angeles. (AP Photo/Ethan Swope)

Fireworks go off as fans celebrate on the streets after the Los Angeles Dodgers won against the New York Yankees in the baseball World Series Wednesday, Oct. 30, 2024, in Los Angeles. (AP Photo/Ethan Swope)

Fans celebrate after the Los Angeles Dodgers won against the New York Yankees in the baseball World Series Wednesday, Oct. 30, 2024, in Los Angeles.

A fan confronts police on the streets after the Los Angeles Dodgers won against the New York Yankees in the baseball World Series Wednesday, Oct. 30, 2024, in Los Angeles. (AP Photo/Ethan Swope)

A person covered in blue paint runs from a police officer as fans celebrate on streets after the Los Angeles Dodgers won against the New York Yankees in the baseball World Series Wednesday, Oct. 30, 2024, in Los Angeles. (AP Photo/Ethan Swope)

A person covered in blue paint, paints on the streets after the Los Angeles Dodgers won against the New York Yankees in the baseball World Series Wednesday, Oct. 30, 2024, in Los Angeles. (AP Photo/Ethan Swope)

A police officer on horseback grabs a Los Angeles Dodgers flag as people gather on the streets after the Los Angeles Dodgers won against the New York Yankees in the baseball World Series Wednesday, Oct. 30, 2024, in Los Angeles. (AP Photo/Ethan Swope)

Police officers attempt to detain a man as people gather on the streets after the Los Angeles Dodgers won against the New York Yankees in the baseball World Series Wednesday, Oct. 30, 2024, in Los Angeles. (AP Photo/Ethan Swope)

An LAFD arson investigator inspects a bus that was set on fire at Sunset and Echo Park after people gathered on the streets after the Los Angeles Dodgers defeated the New York Yankees to win the baseball World Series early Thursday, Oct. 31, 2024, in Los Angeles. (AP Photo/Ethan Swope)

Firefighters douse water on a bus that was set on fire at Sunset and Echo Park after people gathered on the streets after the Los Angeles Dodgers defeated the New York Yankees to win the baseball World Series early Thursday, Oct. 31, 2024, in Los Angeles. (AP Photo/Ethan Swope)

Firefighters douse water on a bus that was set on fire at Sunset and Echo Park after people gathered on the streets after the Los Angeles Dodgers defeated the New York Yankees to win the baseball World Series early Thursday, Oct. 31, 2024, in Los Angeles. (AP Photo/Ethan Swope)

A person carries out items from a ransacked Nike store after the Los Angeles Dodgers defeated the New York Yankees to win the baseball World Series Wednesday, Oct. 30, 2024, in Los Angeles. (AP Photo/Ethan Swope)

People carries out items from a ransacked Nike store after the Los Angeles Dodgers defeated the New York Yankees to win the baseball World Series Wednesday, Oct. 30, 2024, in Los Angeles. (AP Photo/Ethan Swope)

A fan wearing a Shohei Ohtani taunts Los Angeles Police officers as fans celebrate on the streets after the Los Angeles Dodgers won against the New York Yankees in the baseball World Series Wednesday, Oct. 30, 2024, in downtown Los Angeles. (AP Photo/Damian Dovarganes)

Fans celebrate on the streets after the Los Angeles Dodgers won against the New York Yankees in the baseball World Series Wednesday, Oct. 30, 2024, in downtown Los Angeles. (AP Photo/Damian Dovarganes)

Fans celebrate on the streets after the Los Angeles Dodgers won against the New York Yankees in the baseball World Series Wednesday, Oct. 30, 2024, in downtown Los Angeles. (AP Photo/Damian Dovarganes)

Firefighters douse water on a bus that was set on fire at Sunset and Echo Park after people gathered on the streets after the Los Angeles Dodgers defeated the New York Yankees to win the baseball World Series early Thursday, Oct. 31, 2024, in Los Angeles. (AP Photo/Ethan Swope)

A person carries out items from a ransacked Nike store after the Los Angeles Dodgers defeated the New York Yankees to win the baseball World Series Wednesday, Oct. 30, 2024, in Los Angeles. (AP Photo/Ethan Swope)

Fireworks go off as fans celebrate on the streets after the Los Angeles Dodgers won against the New York Yankees in the baseball World Series Wednesday, Oct. 30, 2024, in Los Angeles. (AP Photo/Damian Dovarganes)

A fan looses control of his skateboard as fans celebrate on the streets after the Los Angeles Dodgers won against the New York Yankees in the baseball World Series Wednesday, Oct. 30, 2024, in Los Angeles. (AP Photo/Damian Dovarganes)

Fans celebrate on the streets after the Los Angeles Dodgers won against the New York Yankees in the baseball World Series Wednesday, Oct. 30, 2024, in Los Angeles. (AP Photo/Damian Dovarganes)

Fans celebrate on the streets after the Los Angeles Dodgers won against the New York Yankees in the baseball World Series Wednesday, Oct. 30, 2024, in downtown Los Angeles. (AP Photo/Damian Dovarganes)

NEW YORK (AP) — Wall Street is feeling the downside of high expectations on Thursday, as Microsoft and Meta Platforms drag U.S. stock indexes lower despite delivering strong profits for the summer.

The S&P 500 was down 1.6% in afternoon trading and on track for its worst day in nearly eight weeks, falling further from its record set earlier this month. The Dow Jones Industrial Average was down 287 points, or 0.6%, as of 2:02 p.m. Eastern time. The Nasdaq composite was 2.6% lower and heading for a second straight loss after setting its latest all-time high.

Microsoft reported bigger profit growth for the latest quarter than analysts expected. Its revenue also topped forecasts, but its stock nevertheless sank 5.6% as investors and analysts scrutinized for possible disappointments. Many centered on Microsoft’s estimate for upcoming growth in its Azure cloud-computing business, which fell short of some analysts’ expectations.

The parent company of Facebook, meanwhile, likewise served up a better-than-expected profit report. As with Microsoft, though, that wasn't enough for the stock to rise. Investors focused on Meta Platforms’ warning that it expects a “significant acceleration” in spending next year as it continues to pour money into developing artificial intelligence. It fell 4.6%.

Both Microsoft and Meta Platforms have soared in recent years amid a frenzy around AI, and they're entrenched among Wall Street’s most influential stocks. But such stellar performances have critics saying their stock prices have simply climbed too fast, leaving them too expensive. It’s difficult to meet everyone’s expectations when they’re so high, and Microsoft and Meta were both among Thursday’s heaviest weights on the S&P 500.

The next two companies in the highly influential group of stocks known as the “Magnificent Seven” to deliver their latest results will be Apple and Amazon. They’re set to report after trading ends for the day, and both fell at least 1% on Thursday.

Earlier this month, Tesla and Alphabet kicked off the Magnificent Seven’s reports with results that investors found impressive enough to reward with higher stock prices. The lone remaining member, Nvidia, will report its results later this earnings season, and its 4.7% drop was Thursday's heaviest weight on the market after Microsoft.

The tumble for Big Tech on the last day of October is helping to wipe out the S&P 500’s gain for the month. The index is down 0.8% and on track for its first down month in the last six, even though it set an all-time high during the middle of it.

Still, it wasn't a complete washout on Wall Street thanks in part to cruise ships and cigarettes.

Norwegian Cruise Line Holding steamed 7.6% higher after delivering stronger profit for the latest quarter than analysts expected. The cruise ship operator said it was seeing strong demand from customers across its brands and itineraries, and it raised its profit forecast for the full year of 2024.

Altria Group rose 8% for another one of the S&P 500’s bigger gains after it also beat analysts’ profit expectations. Chief Executive Billy Gifford credited resilience for its Marlboro brand, among other things, and announced a cost-cutting program.

Oil-and-gas companies also generally rose after the price of a barrel of U.S. crude gained 1.5% to recoup some of its losses for the week and for the year so far. ConocoPhillips jumped 5.9%, and Exxon Mobil gained 0.3%.

In the bond market, Treasury yields edged lower following a mixed set of reports on the U.S. economy.

One report said a measure of inflation that the Federal Reserve likes to use slowed to 2.1% in September from 2.3%. That’s almost all the way back to the Fed’s 2% target, though underlying trends after ignoring food and energy costs were a touch hotter than economists expected.

A separate report said growth in workers’ wages and benefits slowed during the summer. That could put less pressure on upcoming inflation. A third report, meanwhile, said fewer U.S. workers applied for unemployment benefits last week. That’s an indication that the number of layoffs remains relatively low across the country.

Treasury yields swiveled up and down several times following the reports before edging lower. The yield on the 10-year Treasury fell to 4.27% from 4.30% late Wednesday. That’s still up sharply from the roughly 3.60% level it was at in the middle of last month.

Yields have been rallying following a string of stronger-than-expected reports on the U.S. economy. Such data bolster hopes that the economy can avoid a recession, particularly now that the Fed is cutting interest rates to support the job market instead of keeping them high to quash high inflation. But the surprising resilience is also forcing traders to downgrade their expectations for how deeply the Fed will ultimately cut rates.

In stock markets abroad, indexes sank across much of Europe and Asia.

South Korea’s Kospi dropped 1.5% for one of the larger losses after North Korea test launched a new intercontinental ballistic missile designed to be able to hit the U.S. mainland in a move that was likely meant to grab America’s attention ahead of Election Day.

AP Business Writers Yuri Kageyama and Matt Ott contributed.

A sign marking the intersection of Wall Street and Broadway in New York's Financial District is shown on Wednesday, Oct. 30, 2024. (AP Photo/Peter Morgan)

FILE - A person walks in front of the Tokyo Stock Exchange building in Tokyo, on Oct. 2, 2024. (AP Photo/Eugene Hoshiko, File)

FILE - A person stands near an electronic stock board showing Japan's Nikkei index at a securities firm in Tokyo, on Sept. 18, 2024. (AP Photo/Eugene Hoshiko, File)