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The stock market is still sinking but the selling frenzy has eased just a bit.The Dow opened down about 100 points on Thursday morning, rebounding from sharp overnight losses. The Nasdaq started positive before slipping back into the red. The S&P 500 lost about 0.6%.Wall Street is attempting to recover from Wednesday's plunge, which wiped 832 points off the Dow. The Nasdaq in particular has gotten rocked in recent days. Investors have bolted from the index, which contains many tech stocks, because they are concerned about holding some of the market's riskiest stocks in a downturn. A proxy for the tech sector had its sharpest plunge in seven years on Wednesday.The S&P 500 was on pace for its sixth-straight decline, something that hasn't happened since just before President Donald Trump's election nearly two years ago. And the Nasdaq has already plunged 8% this month."Halloween started early this month for investors," Ed Yardeni, president of investment advisory firm Yardeni Research, wrote to clients.Concerns about inflation were eased a bit by a report released on Thursday that showed consumer prices rose in September less than feared.Still, tech stocks including Amazon and Apple lost ground in early trading. Square (SQ) slumped 6% after announcing the departure of its chief financial officer. But other tech stocks showed signs of life. Netflix and Twitter were trading flat to slightly higher.Stocks have turned sharply south because investors are increasingly concerned about rising interest rates. As the Federal Reserve raises rates to prevent runaway inflation, investors have been getting out of bonds, driving down their price and driving up their yields. Suddenly, the return on bonds has become competitive with some stocks — particularly risky tech stocks.Rising interest rates also increase borrowing costs for households and businesses, eating into corporate profits. America's increasing debt load, a trade war with China and a slowing global economy have also unnerved investors.Wednesday's "rout has shaken investor confidence," Nicholas Colas, co-founder of DataTrek Research, wrote to clients. "That will take time to rebuild."The Dow plunged 832 points, or 3.2%, on Wednesday. Tech stocks took a beating, sending the Nasdaq tumbling 4% — its worst day since the Brexit referendum of June 2016.That dragged down stock indexes in the United Kingdom, Germany and France on Thursday, all of which fell more than 1%. Benchmark indexes in Shanghai and Tokyo closed down 5.2% and almost 4%, respectively. Hong Kong's market was down over 3%.The S&P 500's 3% plunge on Wednesday was rare. It's only happened in 0.6% of all trading days since 1952, according to Bespoke Investment Group.The good news is that the market often springs back to life after such a deep sell-off. Bargain hunters scoop up beaten-down stocks and calmer heads prevail. On average, the S&P 500 has gained 0.4% the day after a 3% slide, Bespoke said.That's what happened in February after the S&P 500 twice suffered 3% drops caused by fears about rising bond yields. Both sell-offs were followed by rebounds of more than 1% the next day.But Yardeni is optimistic the market will rebound because corporate profits are robust and no recession is in sight."We remain bullish on the outlook for earnings, and expect the market to recover and make new highs going into next year," Yardeni wrote.The-CNN-Wire 3435

The weekslong search for Mollie Tibbetts, a 20-year-old Iowa student who disappeared while jogging, came to a grisly end Tuesday when a man guided investigators to a body in a cornfield.While authorities have yet to confirm the body is Tibbetts, they arrested Cristhian Bahena Rivera, 24, on first-degree murder charges.The discovery dashed the hopes of family and friends who had scoured Poweshiek and nearby counties as rewards grew to nearly 0,000. Tibbetts, officials said, is believed to have been abducted on July 18 as she went out for an evening jog.Rivera, who's an undocumented immigrant, told them Monday that he saw and pursued her, getting out of his car and running beside Tibbetts. She warned him she would call police, officials told reporters Tuesday.The suspect, who said he blacked out at some point, led authorities to the field Tuesday morning, they said. A body, dressed in Tibbetts' clothing, was covered in corn leaves.It is unclear why Rivera killed Tibbetts, said Rick Rahn, special agent in charge at the Iowa Division of Criminal Investigation."I can't really speak to you about the motive," Rahn said. "I can just tell you it seems that he followed her and seemed to be drawn to her on that particular day and for whatever reason he chose to abduct her." 1294

The University of Michigan Interfraternity Council, which is student led, has suspended fraternity events because the community has not been living up to a "high standard," according to a statement from the IFC.The council notes that all social activities and new member programs are suspended while they work to make sure the programs "are in alignment with our policies and values." "We are taking time to focus on the health and safety of our members and our community, and we are committed to working with the university, our peers, alumni, and national partners to do so," the statement read.Read the full statement below: UM IFC Statement (1) by WXYZ-TV Channel 7 Detroit on Scribd 705

The Transportation Security Administration says they found three times the rate of loaded guns at checkpoints in July than they did at the exact time last year, despite fewer passengers traveling due to the coronavirus pandemic.In a press release, the agency said that 80% of the firearms that come through a checkpoint are loaded. "It’s just an accident waiting to happen," TSA Administrator David Pekoske said in the release.TSA said they found 15.3 guns per million people screened last month, which is up from the rate of 5.1 guns per million people in July 2019.The agency says that's alarming because they screened 75% fewer travelers last month.“TSA is diligently working to ensure our employees and passengers are safe and secure while traveling during a pandemic, and yet we are noticing a significant increase in loaded firearms coming into checkpoints,” said Pekoske in the press release. “Travelers must understand that firearms are prohibited items at airports and in the passenger cabins of aircraft. As hard as we are working to mitigate other risks at this time, no one should be introducing new ones.”Guns are permitted in checked bags, but they must be unloaded, and in a locked case, TSA said.Last year, 4,432 guns were found in carry-on bags at checkpoints nationwide, which is about 12.1 firearms per day, and 87% of them were loaded, the agency said. 1380

The U.S. has surpassed another bleak marker in the COVID-19 pandemic, as the country has reached 10 million confirmed cases of the virus, according to a database kept by Johns Hopkins.The milestone comes just hours after global cases surpassed 50 million, meaning about one out of every five people around the world diagnosed with the virus since the pandemic began has been diagnosed in the U.S.At least 237,000 Americans have died of the virus since the pandemic began. The U.S. continues to lead the world in both total cases and in deaths linked to the virus.The U.S. surpassed its 10 millionth case as the country deals with a disturbing spike in infections ahead of the winter months. The country surpassed 120,000 new cases in a single day three times last week, obliterating previous records. Prior to last week, the most confirmed cases the U.S. had seen in a single day was 102,000.The U.S. has recorded a million new cases of COVID-19 in the last 10 days alone. The country surpassed the 9 million case plateau on Oct. 30.In addition to the spike in cases, hospital resource use is also on the rise, and deaths linked to the virus are up slightly in recent days, though the death rate is not near what it was in March and April. Johns HopkinsHealth experts have warned that the U.S. is currently in a perilous position in the pandemic, with transmission rates as high as they have ever been as Americans move social gatherings indoors for winter months.In a memo last week, Dr. Deborah Birx — a member of the White House coronavirus task force — warned that the country is entering "the most deadly and concerning" phase of the pandemic.Late last month, Dr. Anthony Fauci — a member of the White House coronavirus task force and the county's top expert on infectious diseases — warned that the U.S. was in for a "whole lot of pain" if things didn't change soon.The U.S. did get some good news in the pandemic on Monday, as Pfizer announced that its vaccine candidate has been 90% effective in promoting immunity against the virus. However, even if the vaccine were to get FDA approval in the next few days, it would still take several months for most of the country to be vaccinated — and officials fear that vaccine skepticism could keep immunity levels below the threshold to stifle the virus. 2314

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