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The wild ride on Wall Street just got crazier.The Dow dropped about 345 points, or 1.4%, on Tuesday, completely reversing a 244-point gain from early in the day. The selloff followed Monday's 670-point spike.The Nasdaq plunged nearly 3% -- wiping out nearly all of Monday's huge gains for the tech sector. The Nasdaq is now up just 1.5% on the year.Facebook, Twitter, Tesla and Nvidia all fell sharply. Netflix tumbled 6%, its biggest decline in two years."We started bleeding when large tech got hit hard," said Art Hogan, chief market strategist at B. Riley B.Investors poured money into bonds Tuesday. The 10-year Treasury yield slipped to 2.77%, the lowest since early February.But the sinking yields also narrowed the closely-watched gap between short and long-term rates, known as the yield curve."That has persistently been a signal of an economic slowdown," said Hogan. "I don't think that's the case here."A "flattening" yield curve also makes it harder for banks to make money on the difference between what they lend out and pay interest on. Bank of America, Wells Fargo and PNC fell more than 2% apiece.The-CNN-Wire 1135

The US Department of Education has opened an investigation into the Ohio State University's handling of former students' allegations of sexual misconduct by a school doctor, according to the university.The federal investigation will be conducted by the department's Office for Civil Rights (OCR), which oversees Title IX complaints, the school said in a statement Thursday.The inquiry, led by the OCR's regional office in Cleveland, Ohio, "will examine whether the university is responding promptly and equitably to complaints and reports by former students," the statement said, "including allegations that employees knew or should have known about the sexual misconduct and allowed the abuse to continue."The scandal surrounding the alleged actions of the late Dr. Richard Strauss has grown since the university first announced in April its own investigation, headed by the law firm Perkins Coie, to look into claims made by male former athletes on 14 sports teams.Since then, more than 100 former Ohio State University students have reported firsthand accounts of sexual misconduct by Strauss, the school said last month.Some of them, mostly former student athletes, have come forward to publicly claim that Strauss sexually abused them under the guise of a medical examination.According to the school, the alleged abuse took place between 1979 and 1997."We welcome the involvement and careful oversight of OCR and look forward to providing any information we can," said Gates Garrity-Rokous, the school's vice president and chief compliance officer, in a statement about the US Department of Education's investigation."We responded promptly and appropriately to the allegations received in April about Dr. Strauss," Garrity-Rokous continued. "We are confident in the independence and thoroughness of the investigation we launched then as well as our ongoing commitment to transparency."The-CNN-Wire 1910

The top U.S. public health agency stirred confusion by posting — and then taking down — an apparent change in its position on how easily the coronavirus can spread from person to person through the air.But officials at the Centers for Disease Control and Prevention say their position has not really changed and that the post last week on the agency’s website was an error that has been taken down.It was “an honest mistake” that happened when a draft update was posted before going through a full editing and approval process, said Dr. Jay Butler, the CDC’s deputy director for infectious diseases.The post suggested that the agency believes the virus can hang in the air and spread over an extended distance. But the agency continues to believe larger and heavier droplets that come from coughing or sneezing are the primary means of transmission, Butler said.Most CDC guidance about social distancing is built around that idea, saying that about 6 feet is a safe buffer between people who are not wearing masks.In interviews, CDC officials have acknowledged growing evidence that the virus can sometimes be transmitted on even smaller, aerosolized particles or droplets that spread over a wider area. Certain case clusters have been tied to events in which the virus appeared to have spread through the air in, for example, a choir practice. But such incidents did not appear to be common.Public health experts urge people to wear masks, which can stop or reduce contact with both larger droplets and aerosolized particles.But for months, agency officials said little about aerosolized particles. So when the CDC quietly posted an update Friday that discussed the particles in more detail, the agency’s position appeared to have changed. The post said the virus can remain suspended in the air and drift more than 6 feet. It also emphasized the importance of indoor ventilation and seemed to describe the coronavirus as the kind of germ that can spread widely through the air.The post caused widespread discussion in public health circles because of its implications. It could mean, for example, that hospitals might have to place infected people in rooms that are specially designed to prevent air from flowing to other parts of the hospital.But the CDC is not advising any changes in how far people stay away from each other, how they are housed at hospitals or other measures, Butler said.The CDC has come under attack for past revisions of guidance during the pandemic, some of which were driven by political pressure by the Trump administration.Butler said there was no external political pressure behind the change in this instance. “This was an internal issue,. And we’re working hard to address it and make sure it doesn’t happen again,” he said.In a statement released Monday, the CDC said the revisions to the “How COVID-19 Spreads” page happened “without appropriate in-house technical review.”“We are reviewing our process and tightening criteria for review of all guidance and updates before they are posted to the CDC website,” the statement said.At least one expert said the episode could further chip away at public confidence in the CDC.“The consistent inconsistency in this administration’s guidance on COVID-19 has severely compromised the nation’s trust in our public health agencies,” said Dr. Howard Koh, a Harvard University public health professor who was a high-ranking official in the Department of Health and Human Services during the Obama administration.“To rectify the latest challenge, the CDC must acknowledge that growing scientific evidence indicates the importance of airborne transmission through aerosols, making mask wearing even more critical as we head into the difficult fall and winter season,” Koh said in a statement.___The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Department of Science Education. The AP is solely responsible for all content. 3964

The U.S. has now seen two straight weeks in which at least 100,000 people are confirmed to have contracted COVID-19 each day.On Monday, the U.S. reported 166,000 new cases of the virus, marking the 14th consecutive day with 100,000 or more new cases of the virus, according to a database kept by Johns Hopkins University.The last day new cases totaled less than 100,000 was on Nov. 2. Since then, about 1.9 million Americans have contracted the virus, the rolling 7-day average of hospitalizations across the country has increased from 50,000 to 65,000 and daily deaths on a rolling 7-day average have ticked up from 824 a day to 1,114 a day.That 14-day time span has also seen seven days in which record numbers of new cases were reported. The current record was set on Friday when 177,000 people in the U.S. were confirmed to have contracted COVID-19.The current spike in caseloads has led hospitals across the country to become inundated with patients, overwhelming resources. The COVID Tracking Project reports that most of those hospitalizations are occurring in the Midwest, where rural hospitals in places like Iowa and South Dakota are running short on bed space.The current standard was predicted in June by Dr. Anthony Fauci, the nation's highest-ranking infectious disease expert. During a Senate hearing, Fauci stunned lawmakers by predicting that the U.S. could reach a point where 100,000 people were being infected each day if "disturbing trends" continued.Fauci's comments in June came during a summer spike in cases which saw infection rates top out at about 77,000 new cases each day.The current spike in cases comes as drugmakers like Pfizer and Moderna have reported encouraging results in vaccine trial results. While both vaccine candidates are on track for Emergency Use Authorization by the end of 2020, the drug likely won't be widely available to the general public for several months — Fauci has predicted that a vaccine will be widely available in the U.S. by April. 2002

The US Office of Special Counsel announced Tuesday that White House aide Kellyanne Conway violated the Hatch Act on two occasions by "advocating for and against candidates" in last year's Alabama Senate special election.In a new report, the OSC special counsel, Henry Kerner, pointed to Conway's TV interviews conducted in her "official capacity" in November and December of last year. The agency said Conway "impermissibly mixed official government business with political views about candidates in the Alabama special election."One of the two interviews was on CNN's "New Day," and the second was on Fox News' "Fox & Friends."In a letter to President Donald Trump, Kerner said he is referring her violations for the President's "consideration of appropriate disciplinary action."The White House did not immediately respond to a request for comment.During the "Fox & Friends" interview November 20, Conway was introduced by the show's hosts as a "counselor to President Trump" and spoke from White House grounds. She said about Democratic Senate candidate Doug Jones: "Folks, don't be fooled. He'll be a vote against tax cuts. He's weak on crime, weak on borders. He's strong on raising your taxes. He's terrible for property owners."During the "New Day" interview December 6, Conway -- again speaking from White House grounds and introduced by CNN anchor Chris Cuomo as "counselor to President Trump" -- said among other things that Jones will be a reliable vote "for tax hikes," "against border security," "against national security," "against the Second Amendment" and "against life," according to the OSC report.Conway went on to tell Cuomo that Jones is "out of step for Alabama voters, according to the President," and that Trump "doesn't want a liberal Democrat representing Alabama in the United States Senate."The Office of Special Counsel is unrelated to the investigation by special counsel Robert Mueller.  1940

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