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Corporate America is coming to Wall Street's rescue.The Dow soared?548 points, or 2.2%, on Tuesday as investors cheered fat profits from major companies and relative calm in the bond market. The huge rally, the Dow's best day since March, helped the index recover a chunk of last week's hefty losses.Tech stocks, the biggest losers during the market turmoil, raced back to life. The Nasdaq spiked nearly 3%, while the S&P 500 advanced 2.2%.Investors piled back into tech darlings. Amazon, Facebook and Netflix closed sharply higher."It's a bounce back after an overdone situation last week," said David Joy, chief market strategist at Ameriprise Financial.Market sentiment was lifted by earnings beats from Goldman Sachs, Morgan Stanley and Johnson & Johnson. Adobe and UnitedHealth added to the good news by offering upbeat guidance for 2019.Taken together, the corporate report cards underscore the ability of businesses to cash in on the strong US economy. And the results should ease fears about the US-China trade war."We're focusing back on fundamentals," said Dan Suzuki, portfolio strategist at Richard Bernstein Advisors. Suzuki called Tuesday's rally a "reflexive rebound."Last week, the Dow, S&P 500 and Nasdaq all suffered their worst week since March. At one point, the Dow plummeted more than 1,000 points in just two trading days.Despite Tuesday's advance, all three major indexes remain firmly in the red for the month.One major source of investor nervousness has improved: bond yields. A sudden spike in 10-year Treasury rates above 3.25% spooked markets. The rapid climb in rates was driven by the strong economy, the surging federal deficit?and concerns about a more aggressive Federal Reserve.Investors feared higher borrowing costs that could slow growth and sudden competition for the stock market from boring bonds.But Treasury rates, which move in the opposite direction of prices, eased late last week as investors poured cash into the safety of government bonds. Rates have stabilized at around 3.15%, relieving stock market bulls."That has reassured people that this is not the start of something much worse that could really sidetrack the market," said Bruce McCain, chief investment strategist at Key Private Bank. 2288
CORONADO, Calif. (KGTV) — Coronado officials say lifeguards received multiple reports of shark sightings this week, prompting warning signs to be posted for visitors.The city said four shark sightings were reported between 5:30 p.m. and 7 p.m. on Thursday, and the sharks ranged in size from 6 to 10 feet long. One of the sharks was seen by a lifeguard who was on a personal watercraft.The sharks were reportedly within 40 yards of the South Beach area shoreline.The city has posted signs warning beachgoers who visit the area.Naval Base Coronado also posted on Facebook on Friday that shark activity was reported in the Breakers Beach area, and closed water activities until further notice.Just one month ago, a 12-foot great white shark was seen off Coronado's North Beach area by a lifeguard paddleboarding about 100 yards from shore, prompting a 24-hour warning to beachgoers but no water closures. 910
Co-stars and celebrities are paying tribute to Luke Perry, who died at 52 after suffering a stroke. According to his publicist, Arnold Robinson, Perry died Monday after suffering a massive stroke. "He was surrounded by his children Jack and Sophie, fiancé Wendy Madison Bauer, ex-wife Minnie Sharp, mother Ann Bennett, step-father Steve Bennett, brother Tom Perry, sister Amy Coder, and other close family and friends. The family appreciates the outpouring of support and prayers that have been extended to Luke from around the world, and respectfully request privacy in this time of great mourning. No further details will be released at this time," a statement from Robinson read.RELATED: Actor Luke Perry dies at age 52 after suffering strokeImmediately following the news, co-stars and fellow celebrities began paying tribute to Perry on social media. View this post on Instagram Dearest Luke, I will forever bask in the loving memories we've shared over the last thirty years. May your journey forward be enriched by the magnificent souls who have passed before you, just like you have done here for those you leave behind. God please give him a seat close to to you, he deserves it. A post shared by Ian Ziering (@ianziering) on Mar 4, 2019 at 10:31am PST View this post on Instagram With the heaviest of hearts, I am stunned and devastated to tell you that Luke passed away. I am still in shock and I have no words beyond saying he was a truly kind gentleman. He will be mourned and missed by everyone who knew him and the millions who love him. RIP, dearie Luke. Your time here was far too short. ?????? A post shared by Christine Elise McCarthy (@christineelisemccarthy) on Mar 4, 2019 at 10:00am PST My heart is broken. I will miss you so much Luke Perry. Sending all my love to your family. ?? #LukePerry— Molly Ringwald (@MollyRingwald) March 4, 2019 1909
COVID-19 isn't the only concern with the upcoming election.The FBI and Department of Homeland Security are warning local governments about possible ransomware attacks, something like malicious software blocking officials from access to voting systems.Experts think that is more of a likely scenario than altering actual votes.“The only way to ensure confidence is to demonstrate that you've done everything you possibly can to facilitate that safe and secure election,” said Maya Worman, Executive Director of Election Cyber Surge Initiative.The initiative is led by the University of Chicago. It’s pairing local election officials with volunteer cyber security experts to address specific areas of cyber security concerns.“And the biggie, I think, is human error, user error, whether that is accidentally sending sensitive information to the wrong person, not having a strong password management system, sharing passwords,” said Worman.The pandemic is adding further complications, with just more than 90 days to go.Worman says they felt the urgency to be proactive in helping election officials.“Now, we’ve got so many people working from home on their own devices,” said Worman. “An organization has no insight into what the security around your home, Wi-Fi or home devices, is.”This free resource is invaluable for elections. Some states rely on staff or federal assistance for cybersecurity. Others pay private companies.The pandemic could mean a reduction in volunteers, a new need for PPE and an influx of absentee ballots. 1538
COLUMBUS, Ohio (AP) — Data released Monday show governors who led state responses to the coronavirus pandemic were among beneficiaries of the loan program created to help small businesses weather COVID-19's economic effects. The governors of at least seven states had ties to companies that received loans through the Small Business Administration's Paycheck Protection Program. 387