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The jittery stock market is once again heading south.The Dow dropped 327 points, or 1.3%, on Thursday, with selling accelerating after Treasury Secretary Steven Mnuchin backed out of a conferencein Saudi Arabia. The index had been down 471 points at one point.Tech stocks fell sharply, sending the Nasdaq tumbling 2.1%. Netflix declined 5%, while Facebook and Amazon lost about 3% apiece.Stock market volatility is back on Wall Street. Fears about rising bond yields and the US-China trade war sparked heavy selling last week, the worst for all three major indexes since March. Stocks rebounded sharply on Tuesday, before another wobbly session on Wednesday. The CNN Business Fear & Greed Index of market sentiment is flashing "extreme fear."The market slide gathered steam on Thursday after Mnuchin announced on Twitter that he will not participate in the Saudi summit. Mnuchin said it was a joint decision with President Donald Trump and Secretary of State Mike Pompeo. An administration official told CNN that no other government officials will attend the event in Mnuchin's place.The news adds to rising global uncertainties, including concerns about Italy's budget and a plunge in China's stock market.David Kotok, chief investment of Cumberland Advisers, said he believes Thursday's market slide was driven more by concerns about Italy and China."But Mnuchin doesn't help things," said Kotok.Mnuchin's announcement points to elevated tensions between the United States and Saudi Arabia over the disappearance of Washington Post journalist Jamal Khashoggi.Saudi Arabia has threatened to retaliate against potential US sanctions. The kingdom is the world's largest oil exporter, giving it great sway over global energy prices. US oil prices briefly bounced on the Mnuchin news but closed lower on the day.Saudi Arabia has also played a huge role financing the rise of Silicon Valley, serving as the tech industry's unofficial banker.But the market has also been pressured by other international developments. Even before Mnuchin's tweet, analysts pointed out that Italian bond yields spiked due to concerns about Italy's budget proposal. The European Union plans to send a formal warning letter to Rome to signal displeasure over plans to increase Italy's budget deficit, Reuters reported.Chinese markets were also under pressure. The Shanghai Composite plunged nearly 3% overnight, falling deeper into a bear market as the US-China trade war continues to linger.US investors continue to move money out of the riskiest parts of the market and into defensive areas. While tech stocks fell sharply, defensive areas such as utilities and telecom rose slightly."There is a rotation away from the tech and momentum names," Kotok said. "One has to ask: Has FANG been defanged?" 2868

The gunman who killed 26 people at a Texas church had sent threatening texts to his mother-in-law -- who attended the church he targeted, authorities said Monday.Devin Patrick Kelley had domestic problems and texted his mother-in-law as recently as Sunday morning, not long before he carried out the largest mass shooting in Texas history."We know that he expressed anger towards his mother-in-law, who attends this church," said Freeman Martin of Texas' Department of Public Safety. 491

The Pac-12 has set Sept. 26 as the start of its 10-game conference-only football schedule. The Pac-12 announced three weeks ago it would eliminate nonconference games for its 12 member schools.. The new plan adds an additional cross-divisional game to each team’s slate and moves the conference championship game back two weeks to Dec. 18 or 19. That game was set to be played for the first time at the new NFL stadium in Las Vegas. It will now be hosted by the highest-seeded team.“From the onset of the COVID-19 crisis, we have been committed to prioritizing the health and safety of our student-athletes and all those connected to our athletic programs,” said Pac-12 Commissioner Larry Scott. “The schedule and plans approved today and path to return to competition are subject to public health orders and will be taken in accordance with the health and well-being guidelines developed by our Pac-12 Medical Advisory Committee. The schedule and return to play plans provide for maximum flexibility and the best opportunity to play all fall sports in an environment that prioritizes safety. At the same time, we will continue to evaluate the best available science, data and advice of public health officials as we make decisions and any required adjustments going forward.” 1284

The Netflix series "13 Reasons Why" increased the suicide risk of suicidal teens treated in a psychiatric emergency department, according to a University of Michigan study.Upon release, the show received backlash for its depiction of suicide, as some critics said it glorified those who took their own lives. In addition, another study showed that the show was tied to a rise in online searches about suicide.“This show has been a real phenomenon, especially among teenagers,” Victor Hong, M.D., medical director of psychiatric emergency services at Michigan Medicine, said in a release. “Its depiction of teen suicide has raised great concern among parents, health providers and educators.” Half of the 87 youths, mostly teens ages 13 to 17, who participated in the survey between 2017 and 2018 had watched at least one episode of the show. Among the 43 who watched it, about half said it heightened their suicide risk.“Our study doesn’t confirm that the show is increasing suicide risk, but it confirms that we should definitely be concerned about its impact on impressionable and vulnerable youth,” Hong said.According to the study, very few parents of those in the sample had watched the series themselves and some were not even aware that their child had watched it. “The data from our sample of teens demonstrated that kids who were at high risk of suicide did not reach out to adults,” Hong said. “They mostly watched the show alone or talked to friends, but they weren’t talking to parents, teachers or school counselors.For more information on the study, click here. 1613

The Las Vegas Raiders and coach Jon Gruden have been fined a total of 0,000 and docked a sixth-round draft pick for repeated violations of the NFL’s COVID-19 protocols. A person familiar with the punishment says the team has been fined 0,000, Gruden has been docked 0,000 and the draft pick has been stripped because of how the team handled Trent Brown’s positive coronavirus test last month. The person spoke on condition of anonymity because no announcement had been made. Yahoo first reported the punishments.RELATED STORIESDragonRidge Country Club in Henderson fined after event held by Raiders playerAP source: Raiders investigated over locker room accessLas Vegas Raiders Coach Jon Gruden fined for not wearing mask during Monday Night Football 767