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Investors were in a rotten mood Tuesday.Seemingly good results from Dow components Caterpillar, Coca-Cola and United Technologies didn't please Wall Street. The Dow closed down 425 points, or 1.7%, after opening with a 130-point gain. At its worst point of the day, the Dow was down more than 600 points.The Dow has fallen for the past five straight days — its longest losing streak in more than a year — and has given up its gains for the year.Why the nearly 650-point swing in the Dow in a matter of hours? Once investors took a closer look at the results, they focused on the negatives.Caterpillar, for example, warned that profit margins would probably not get any higher this year than they are now.And Coke investors were disappointed that lower prices may have helped drive sales -- even though Diet Coke finally returned to growth. Shares of Caterpillar plunged 6% while Coke's stock lost 2%.Verizon was one of the few companies that posted strong results Tuesday that didn't seem to have any caveats -- and it was rewarded for it. Shares of Verizon rose 2%.But other earnings reports were downright gloomy. 3M, another Dow component, lowered its outlook for the year. That sent its stock plunging 7%. Insurance company Travelers, also in the Dow, fell 3% after its earnings missed forecasts.All this negativity dragged down other old-school, classic industrial Dow companies too. Boeing and DowDuPont both fell about 3%.And tech investors were disappointed by increased expenses at Google parent Alphabet.Related: Why everyone is stressing about the 10-year Treasury Even though Alphabet posted solid gains in earnings and revenue that easily topped Wall Street's estimates, the stock fell 5% — and that helped drag down the S&P 500, Nasdaq and tech titans Apple, Amazon, Microsoft and Facebook.It didn't help that the yield on the 10-year US Treasury note rose above 3% for the first time in more than four years Tuesday morning.If this benchmark bond rate keeps climbing, it may make it more expensive to borrow money for mortgages and auto loans and could eat into profits at big US companies — especially since the Federal Reserve is expected to keep raising short-term rates.Still, one expert said investors may be overreacting to the moves in the bond market."I don't know that there is any magic to the 3.0% level other than it is a nice round number," said Jeff Mills, co-chief investment strategist for PNC Financial Services Group. "There is no rule that says rising rates are bad for the stock market."Mills added that since 1928, stocks have actually done a little bit better when rates have gone up. The market has gained about 11% on average during years that rates have gone up and 9% in years of falling rates.But jittery investors don't seem to care about historical market facts right now. They are selling first and asking questions later.The-CNN-Wire 2887

In some ways, thanks to the COVID-19 pandemic, Cyber Monday began weeks ago when online retailers began pushing holiday sales in mid-October. But forecasters are still projecting that Monday will be the biggest day of online sales ever recorded in the U.S.Online retailers are projected to sell .7 billion in goods on Monday, a figure that would represent year-to-year growth of 35%. Sales on Cyber Monday would outpace those made on both Thanksgiving and Black Friday.Several major retailers announced earlier this year that they would remain closed on Thanksgiving in the hopes of avoiding crowds, marking a stark change from recent years. In addition, the Associated Press reports that Black Friday crowds were thin across the country, as many Americans shopped online to avoid crowds. In fact, retailers like Walmart and Best Buy made Black Friday deals available online to limit the number of people in stores.However, Americans don't appear ready to slow down spending for Cyber Monday. Adobe Analytics predicts that Cyber Monday spending will break the billion for the first time in 2020. For context, the first time Americans spent billion on Cyber Monday came in 2012.Adobe also reports that 42% of online shopping will be done by smartphone this year — a year-over-year increase of 55%. 1314

INTERACTIVE MAP: Where the Camp Fire is burning in northern CaliforniaPARADISE, Calif. (AP) — Not a single resident of Paradise can be seen anywhere in town after most of them fled the burning Northern California community that may be lost forever. Abandoned, charred vehicles cluttered the main thoroughfare, evidence of the panicked evacuation a day earlier.Most of its buildings are in ruin. Entire neighborhoods are leveled. The business district is destroyed. In a single day, this Sierra Nevada foothill town of 27,000 founded in the 1800s was largely incinerated by flames that moved so fast there was nothing firefighters could do.Only a day after it began, the blaze that started outside the hilly town of Paradise had grown on Friday to nearly 140 square miles (360 square kilometers) and destroyed more than 6,700 structures, almost all of them homes, making it California's most destructive wildfire since record-keeping began.Nine people have been found dead, some inside their cars and others outside vehicles or homes after a desperate evacuation that Butte County Sheriff Kory Honea called "the worst-case scenario." Their identities were not yet known."It is what we feared for a long time," Honea said, noting there was no time to knock on residents' doors one-by-one.With fires also burning in Southern California , state officials put the total number of people forced from their homes at more than 200,000. Evacuation orders included the entire city of Malibu, which is home to 13,000, among them some of Hollywood's biggest stars.President Donald Trump issued an emergency declaration providing federal funds for Butte, Ventura and Los Angeles counties. He later threatened to withhold federal payments to California, claiming its forest management is "so poor." Trump said via Twitter Saturday that "there is no reason for these massive, deadly and costly fires in California." Trump said "billions of dollars are given each year, with so many lives lost, all because of gross mismanagement of the forests. Remedy now, or no more Fed payments!"The fire in Paradise, about 180 miles (290 kilometers) northeast of San Francisco, was still burning out of control Friday.A thick, yellow haze hung in the air, giving the appearance of twilight in the middle of the day. Some of the "majestic oaks" the town boasts of on its website still have fires burning in their trunks. Thick wooden posts holding up guardrails continued to burn.Thursday morning's evacuation order set off a desperate exodus in which many frantic motorists got stuck in gridlocked traffic. Many abandoned their vehicles to flee on foot as the flames bore down on all sides."The fire was so close I could feel it in my car through rolled up windows," said Rita Miller, who fled Paradise with her disabled mother.The town, situated on a ridge between two valleys, was a popular retirement community, raising concerns of elderly and immobile residents who have been reported missing.On the outskirts of town, Patrick Knuthson, a fourth-generation resident, said only two of the 22 homes that once stood on his street are still there — his and a neighbor's."The fire burned from one house, to the next house, to the next house until they were pretty much all gone," Knuthson said. He worked side-by-side with neighbors all night, using a backhoe to create a fire line, determined not to lose his house this time."I lost my home in 2008, and it's something you can't really describe until you go through it," said Knuthson, who battled flames eight feet or taller as strong winds whipped hot embers around him. He worked so long in the flames and smoke that he needed to use oxygen Thursday night at his home, but he refused to leave.On Friday, Knuthson was covered from head to toe in black soot. His tiny town will never be the same, he said. The bucolic country landscape dotted with bay and oak trees will take years to recover.In the town's central shopping area, there was little left but rubble.St. Nicolas Church still stands, a rare exception. The nearby New Life church is gone. An unblemished Burger King sign rises above a pile of charred rubble. The metal patio tables are the only recognizable things under Mama Celeste's pizzeria sign. Only blackened debris remains behind the Happy Garden Chinese Restaurant sign touting its sushi. Seven burned out Mercedes chassis are all that's left of Ernst Mercedes Specialist lot.City Hall survived. But the Moose Lodge and Chamber of Commerce buildings didn't.The town's 100-bed hospital is still standing, but two of its smaller buildings, including an outpatient clinic, are flattened. The Adventist Feather River Hospital evacuated its 60 patients in a frantic rush when the evacuation order came Thursday morning. Some were forced back by clogged roads, but all of them eventually made it out, some in dramatic fashion.On the outskirts of Paradise, Krystin Harvey lost her mobile home. She described a town rich with historical charm, until a day ago."It was an old country town. It had the old buildings lined up along the walkway," she said. "Almost all businesses were locally owned and included an assortment of antique shops, thrift stores, small restaurants, two bars and lots of churches."Harvey wondered if the town's traditions would survive. The town was famous for the discovery of a 54-pound gold nugget in the 1800s, which eventually prompted a festival known as Gold Nugget Days. The highlight of the festival is a parade that features a Gold Nugget Queen."My daughter's going out for the gold nugget queen this year," said Harvey, then she paused. "Well, it's been going for 100 years, but we don't know — there's no town now."People in Paradise, like so many in California, have become accustomed to wildfires, and many said they were well prepared. They kept their gutters clean, some kept pumps in their swimming pools and had fire hoses. But the ferocity and speed of this blaze overwhelmed those preparations.Drought, warmer weather attributed to climate change and home construction deeper into forests have led to more destructive wildfire seasons that have been starting earlier and lasting longer.Just 100 miles north of Paradise, the sixth most destructive wildfire in California history hit in July and August and was also one of the earliest. Called the Carr Fire, near Redding, it killed eight people, burned about 1,100 homes and consumed 358 square miles (927 square kilometers) before it was contained.Paradise town Councilmember Melissa Schuster lost her 16-acre Chapelle de L'Artiste retreat, a posh property with a chapel, pond and pool. But Friday she was clinging to two furry glimmers of hope: Shyann and Twinkle Star Heart."Our llamas," she said. "Somehow they made it through."Schuster said they stopped trying to hook up a trailer for the animals and fled their home and property with just their three cats on Thursday when the day turned pitch black as fire roared in."It's Paradise," she said. "It's always been Paradise, and we will bring it back."___Associated Press writers Don Thompson in Chico and Jocelyn Gecker, Janie Har, Martha Mendoza, Daisy Nguyen, Olga R. Rodriguez and Sudhin Thanawala in San Francisco contributed to this report. Darlene Superville contributed from Paris. 7290

Investigators believe some of the suspicious, potentially explosive packages sent to 8 prominent politicians and a large media organization may have originated in Florida, according to one law enforcement official.A second law enforcement official said federal investigators are in Florida investigating leads.The latest packages, addressed to former Vice President Joe Biden, are similar to eight others found earlier this week.Those packages were addressed to former President Barack Obama, Hillary Clinton, and others, as well as actor Robert DeNiro, a vocal critic of President Trump.The President has denounced the apparent bombing attempts, saying "Such conduct must be fiercely opposed and thoroughly prosecuted," but at a rally Thursday night and again Friday morning he blamed the media, tweeting that "fake news is fueling anger around the country."Most of the packages were intercepted at mail facilities and got nowhere near their intended targets. 968

It seems Americans were hungry and thirsty on Election Day.On Twitter, Google trends revealed that searches on Election Day of “fries near me” and “liquor store me” were at “all-time highs." 198